i need the answer quickly nces1. List price: $44,300; terms: 2/10, n/30; paid within the discount period.2. Transportation-in: $800.3. Installation: $540.4. Cost to repair damage during unloading: $549.5. Routine maintenance cost after eight months: $140.Basket Purchase of Copier, Computer, and Scanner for $47,200 with Fair Market Values1. Copier, $23,898.2. Computer, $6,259.3. Scanner, $26,743.Land for New Warehouse with an Old Building Torn Down1. Purchase price, $81,800.2. Demolition of building, $5,380.3. Lumber sold from old building, $1,090.4. Grading in preparation for new building, $7,600.5. Construction of new building, $208,000.RequiredIn each of these cases, determine the amount of cost to be capitalized in the asset accounts.Office equipmentBasket purchaseCopierAssetComputerScannerTotal cost to be capitalizedLand and buildingCost of landConstruction costsTotal cost to he ranitalizedAllocated CostsTotal$44,754$25,204S

Lets understand the basics.When asset is purchased then initially it needs to record at cost. Cost…

1. List price: $44,300; terms: 2/10, n/30, paid within the 2. Transportation-in: $800. 3. Installation: $540. 4. Cost to repair damage during unloading: $549. 5. Routine maintenance cost after eight months: $140. Basket Purchase of Copier, Computer, and Scanner for $47,200 with Fair Market Values 1. Copier, $23,898. 2. Computer $6.259

1. List price: $44,300; terms: 2/10, n/30, paid within the 2. Transportation-in: $800. 3. Installation: $540. 4. Cost to repair damage during unloading: $549. 5. Routine maintenance cost after eight months: $140. Basket Purchase of Copier, Computer, and Scanner for $47,200 with Fair Market Values 1. Copier, $23,898. 2. Computer $6.259

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 9EB: Ronson recently purchased a new boat to help ship product overseas. The following information is...

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