Trinkle Company made several purchases of long-term assets during the year. The details of each...
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Trinkle Company made several purchases of long-term assets during the year. The details of each purchase are presented here. New Office Equipment 1. List price: $41,800; terms: 2/10,n/30; paid within the discount period. 2. Transportation-in: $810. 3. Installation: $480. 4. Cost to repair damage during unloading: $410. 5. Routine maintenance cost after eight months: $130. Basket Purchase of Copier, Computer, and Scanner for $50,400 with Fair Market Values 1. Copier, $27,315. 2. Computer, $9,105. 3. Scanner, $24,280. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $77,900. 2. Demolition of building, $4,530. 3. Lumber sold from old building, $1,280. 4. Grading in preparation for new building, $9,000. 5. Construction of new building, $217,000. Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts
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