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

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Problem 6-22A (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 detalls of each purchase are presented here. New Offlce Equlpment 1. List price: $41,100; terms: 2/10,n/30; pald within the discount perlod. 2. Transportation-In: $740. 3. Installation: $470. 4. Cost to repalr damage during unloading: $624. 5. Routine malntenance cost after elght month: $150. Basket Purchase of Copler, Computer, and Scanner for $53,500 with Falr Market Values 1. Copler, $26,445. 2. Computer, $9,030. 3. Scanner, $29,025. Land for New Warehouse with an Old Bullding Torn Down 1. Purchase price, $82,400. 2. Demolition of bullding, $5,410. 3. Lumber sold from old bullding, $2,210. 4. Grading In preparation for new bullding, $9,500. 5. Construction of new bullding, $217,000. Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts

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