Problem 6-22A (Algo) Accounting for acquisition of assets, including a basket purchase LO 6-1 ...
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Problem A Algo Accounting for acquisition of assets, including a basket purchase LO Trinkle Company made several purchases of longterm assets during the year. The details of each purchase are presented here. New Office Equipment List price: $; terms: ; paid within the discount period. Transportationin: $ Installation: $ Cost to repair damage during unloading: $ Routine maintenance cost after eight months: $ Basket Purchase of Copier, Computer, and Scanner for $ with Fair Market Values Copier, $ Computer, $ Scanner, $ Land for New Warehouse with an Old Building Torn Down Purchase price, $ Demolition of building, $ Lumber sold from old building, $ Grading in preparation for new building, $ Construction of new building, $ Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts. tableAssetAllocated Costs,TotalOffice equipment,,Basket purchase:,,CopierComputerScannerTotal cost to be capitalized,,Land and building:,,Cost of land,,Construction costs,,Total cost to be capitalized,,$ 
Problem A Algo Accounting for acquisition of assets, including a basket purchase LO
Trinkle Company made several purchases of longterm assets during the year. The details of each purchase are presented here.
New Office Equipment
List price: $; terms: ; paid within the discount period.
Transportationin: $
Installation: $
Cost to repair damage during unloading: $
Routine maintenance cost after eight months: $
Basket Purchase of Copier, Computer, and Scanner for $ with Fair Market Values
Copier, $
Computer, $
Scanner, $
Land for New Warehouse with an Old Building Torn Down
Purchase price, $
Demolition of building, $
Lumber sold from old building, $
Grading in preparation for new building, $
Construction of new building, $
Required
In each of these cases, determine the amount of cost to be capitalized in the asset accounts.
tableAssetAllocated Costs,TotalOffice equipment,,Basket purchase:,,CopierComputerScannerTotal cost to be capitalized,,Land and building:,,Cost of land,,Construction costs,,Total cost to be capitalized,,$
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