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Trinkle Company made several purchases of long-term assets during the year. The details of each...

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Accounting

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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: $41,400; terms: 2/10,n/30; paid within the discount period. 2. Transportation-in: $790. 3. Installation: $410. 4. Cost to repair damage during unloading: $433. 5. Routine maintenance cost after eight months: $270. Basket Purchase of Copier, Computer, and Scanner for $48,300 with Fair Market Values 1. Copier, $22,116. 2. Computer, $11,058. 3. Scanner, $25,026. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $84,600. 2. Demolition of building, $5,390. 3. Lumber sold from old building, $1,240. 4. Grading in preparation for new building, $6,500. 5. Construction of new building, $224,000. Required In each of these cases, determine the amount of cost to be capitalized in the asset accounts

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