Ace Lumber Co. purchased a truck and had the following outlays. How much is the cost of the truck? purchase price $ 40,000 sales tax 3,200 preparation and delivery 900 insurance during delivery 325 insurance after delivery 1,200 cost of the truck ? ____

Ace Lumber Co. purchased a truck and had the following outlays. How much is the cost of the truck? purchase price $ 40,000 sales tax 3,200 preparation and delivery 900 insurance during delivery 325 insurance after delivery 1,200 cost of the truck ? ____

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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Question

Ace Lumber Co. purchased a truck and had the following outlays. How much is the cost of the truck?

purchase price $ 40,000

sales tax 3,200

preparation and delivery 900

insurance during delivery 325

insurance after delivery 1,200

cost of the truck ? ________________________________

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