Trnkle Company, Incorporated made several purchases of long-term assets in Year 1. The detals of each...

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Trìnkle Company, Incorporated made several purchases of long-term assets in Year 1. The detals of each purchase are presented here. New Office Equlpment 1. List price: $38,300; terms: 210 n/30; pald within discount perlod. 2. Transportation-in: $720. 3. Installation: $540. 4. Cost to repair damage during unloading $61. 5. Routine malntenance cost after stx months: $230. Basket Purchase of Copler, Computer, and Scanner for $50,200 with Falr Market Values 1. Copler, $21175. 2 Computer, $9.075. 3. Scanner, $30,250. Land for New Warehouse with an Old Bulding Torn Down 1. Purchase price, $79,400. 2. Demolition of bulding. $5,390. 3. Lumber sold from old bullding. $1.150. 4. Grading in preparation for new bulding, $7,600 Construction of New Bulding 1. Construction of new bulding. $249,000 Required In case of office equipment, determine the amount of cost to be capitalized in the asset accounts. In case of basket purchase, determine the amount of cost to be capitalzed in the asset accounts In case of land, determine the amount of cost to be capitallzed in the asset accounts. In case of new bullding, determine the amount of cost to be capitalized in the asset accounts. Complete this question by entering your answers in the tabs below. office Equipment Basket Purchase Land Dulding Trìnkle Company, Incorporated made several purchases of long-term assets in Year 1. The detals of each purchase are presented here. New Office Equlpment 1. List price: $38,300; terms: 210 n/30; pald within discount perlod. 2. Transportation-in: $720. 3. Installation: $540. 4. Cost to repair damage during unloading $61. 5. Routine malntenance cost after stx months: $230. Basket Purchase of Copler, Computer, and Scanner for $50,200 with Falr Market Values 1. Copler, $21175. 2 Computer, $9.075. 3. Scanner, $30,250. Land for New Warehouse with an Old Bulding Torn Down 1. Purchase price, $79,400. 2. Demolition of bulding. $5,390. 3. Lumber sold from old bullding. $1.150. 4. Grading in preparation for new bulding, $7,600 Construction of New Bulding 1. Construction of new bulding. $249,000 Required In case of office equipment, determine the amount of cost to be capitalized in the asset accounts. In case of basket purchase, determine the amount of cost to be capitalzed in the asset accounts In case of land, determine the amount of cost to be capitallzed in the asset accounts. In case of new bullding, determine the amount of cost to be capitalized in the asset accounts. Complete this question by entering your answers in the tabs below. office Equipment Basket Purchase Land Dulding

Answer rating: 100% (QA)

Solution Req 1 Office equipment Cost of equipment after discount ... View the full answer