MINT CALKOISES(nollabberged eonels-gninilbod-siduo) suis dood grigio9- Classifying Long-Lived Assets and Related Cost Allocation ConceptsFor each of the following long-lived assets, indicate its nature and related cost allocation concept.lo bro sdi in sulayUse the abbreviations shown on the right:od or brod.EAsset1. Property2. Delivery vans3. Warehouse4. Trademark5. New engine6. Franchise7. Software license8. Computers9. Production plantworlNatureCost Allocation.los301 na 000B Buildingstil luisen baian E25 s Equipmentsvil29C1 of [ 1sdot50 mcht amor IntangibleLandusuborg 16-2Tot $43.500) and is depreListnoitsibergsNatureTu bommes no pend) ouleNOA prilbransCost Allocation1911530Depreciation 22.2.28No cost allocationsoy incrupinal no A Amortizationmyrups are 09-8LO 9-1

Long-lived assets are those assets that have a life of more than one year. These assets are…

9- Classifying Long-Lived Assets and Related Cost Allocation For each of the following long-lived assets, indicate its nature and related cost allocation concept. ods or brod E 1857 lo bo odi is sulav Use the abbreviations shown on the right: Asset 1. Property m 2. Delivery vans 3. Warehouse 4. Trademark 5. New engine 6. Franchise 7. Software license OTG 8. Computers 9. Production plant Nature Cost Allocation Nature na000. El B Building 0,05 ansy svit to stil luisen batanEn Equipment to sur 60 mcht amor Intangible abre IT aedmosyal of [150 La Land notintsorgsb nousuborg-to-alund HING TO - Cost Allocation 10301 SIREM BUM nominal 201 A Amortization Depreciation operante banaD8 TED BAIE O VOUC OROITU JIUul bommes no bend) oulista NO No cost allocation

9- Classifying Long-Lived Assets and Related Cost Allocation For each of the following long-lived assets, indicate its nature and related cost allocation concept. ods or brod E 1857 lo bo odi is sulav Use the abbreviations shown on the right: Asset 1. Property m 2. Delivery vans 3. Warehouse 4. Trademark 5. New engine 6. Franchise 7. Software license OTG 8. Computers 9. Production plant Nature Cost Allocation Nature na000. El B Building 0,05 ansy svit to stil luisen batanEn Equipment to sur 60 mcht amor Intangible abre IT aedmosyal of [150 La Land notintsorgsb nousuborg-to-alund HING TO - Cost Allocation 10301 SIREM BUM nominal 201 A Amortization Depreciation operante banaD8 TED BAIE O VOUC OROITU JIUul bommes no bend) oulista NO No cost allocation

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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: $42,600; terms: 2/10, n/30; paid within the discount period. 2. Transportation-in: $880. 3. Installation: $400. 4. Cost to repair damage during unloading: $630. 5. Routine maintenance cost after eight months: $150. Basket Purchase of Copier, Computer, and Scanner for $52,500 with Fair Market Values 1. Copier, $23,421. 2. Computer, $12,027. 3. Scanner, $27,852. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $83,800. 2. Demolition of building, $4,760. 3. Lumber sold from old building, $1,780. 4. Grading in preparation for new building, $7,900. 5. Construction of new building, $279,000.
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