Blossom Company incurs these expenditures in purchasing a truck cash price $26.470, accident insurance (during use) $2.080, sales taxes $1.660,motor vehicle license $570, and painting and lettering $2.190 What is the cost of the truck? The cost of the truck $

Blossom Company incurs these expenditures in purchasing a truck cash price $26.470, accident insurance (during use) $2.080, sales taxes $1.660,motor vehicle license $570, and painting and lettering $2.190 What is the cost of the truck? The cost of the truck $

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 5MC: Ngo Company purchased a truck for $54,000. Sales tax amounted to $5,400; shipping costs amounted to...

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Question

Blossom Company incurs these expenditures in purchasing a truck: cash price $26,470, accident insurance (during use) $2,080, sales
taxes $1.660, motor vehicle license $570, and painting and lettering $2.190
What is the cost of the truck?
The cost of the truck
$

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