Problem $6-22$A $($Algo$)$ Accounting for acquisition of assets, including a basket purchase LO $6-1$

Trinkle Company made several purchases of long$-$term assets during the year. The details of each purchase are presented here.

New Office Equipment

List price: $$39,500$; terms: $\frac{2}{10},\frac{n}{30}$; paid within the discount period.

Transportation$-$in: $$770.$

Installation: $$410.$

Cost to repair damage during unloading: $$691.$

Routine maintenance cost after eight months: $$220.$

Basket Purchase of Copier, Computer, and Scanner for $$51,400$ with Fair Market Values

Copier, $$26,617.$

Computer, $$8,666.$

Scanner, $$26,617.$

Land for New Warehouse with an Old Building Torn Down

Purchase price, $$83,800.$

Demolition of building, $$5,100.$

Lumber sold from old building, $$1,050.$

Grading in preparation for new building, $$7,300.$

Construction of new building, $$226,000.$

Purchase price, $$83,800.$

Demolition of building, $$5,100.$

Lumber sold from old building, $$1,050.$

Grading in preparation for new building, $$7,300.$

Construction of new building, $$226,000.$

Required

In each of these cases, determine the amount of cost to be capitalized in the asset accounts.

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