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Wrinkle Company, Incorporated made several purchases of long-term assets in Year 1. The details of each purchase are presented here. New Office Equipment List price:
Wrinkle Company, Incorporated made several purchases of long-term assets in Year 1. The details of each purchase are presented here. New Office Equipment List price: $38,200; terms: 2/10 n/30; paid within discount period. Transportation-in: $880. Installation: $560. Cost to repair damage during unloading: $411. Routine maintenance cost after six months: $220. Basket Purchase of Copier, Computer, and Scanner for $48,600 with Fair Market Values Copier, $25,784. Computer, $9,962. Scanner, $22,854. Land for New Warehouse with an Old Building Torn Down Purchase price, $84,800. Demolition of building, $5,070. Lumber sold from old building, $1,360. Grading in preparation for new building, $6,900 Construction of New Building Construction of new building, $2
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