Trinkle Company made several purchases of long-term assets in 2018. The details of each purchase are presented here. New Office Equipment 1. List price: $38,200; terms: 2/10, n/30: paid within the discount period. 2. Transportation-in: $750 3. Installation: $460. 4. Cost to repair damage during unloading: $579 5. Routine maintenance cost after eight months: $200. Basket Purchase of Copier, Computer, and Scanner for $47,900 with Fair Market Values 1. Copier, $23,657 2. Computer, $6,347 3. Scanner, $27,696 Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $78,500. 2. Demolition of building, $5,390. 3. Lumber sold from old building, $1,430. 4. Grading in preparation for new building, $7,200. 5. Construction of new building, $237000. Prev 1 of 5Next>