A company incurred the following costs for a new delivery van: Purchase price $115,000 Sales tax $6,200 Delivery charge from seller's location $1,800 Shelving installed in the van for equipment storage $2,700 Routine maintenance before the van was first used $900 Logo and branding painted on the van $1,500 Insurance on the van before it was used for the first time $2,800 What is the cost of the delivery van?

A company incurred the following costs for a new delivery van: Purchase price $115,000 Sales tax $6,200 Delivery charge from seller's location $1,800 Shelving installed in the van for equipment storage $2,700 Routine maintenance before the van was first used $900 Logo and branding painted on the van $1,500 Insurance on the van before it was used for the first time $2,800 What is the cost of the delivery van?

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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