Boone Co., Inc., made several purchases of long term assets in 2013. The details of each purchase are presented here. 

New Office Equipment: 

1. List price: $70,000; terms: 2/10 n/30; paid within discount period. 

2. Transportation-in: $2,500. 

3. Installation: $3,000. 

4. Cost to repair damage during unloading: $800. 

5. Routine maintenance cost after six months: $450. Basket Purchase of Copier, Computer, and Scanner for $20,000 with Fair Market Values 

1. Copier, $12,000. 

2. Computer, $10,500. 

3. Scanner, $7,500. 

Land for New Warehouse with an Old Building Torn Down: 

1. Purchase price, $225,000. 

2. Demolition of building, $15,000.

3. Lumber sold from old building, $5,000. 

4. Grading in preparation for new building, $16,000. 

5. Construction of new building, $450,000. 

Required: 

In each of these cases, determine the amount of cost to be capitalized in the asset accounts.