Brighton Logistics purchases a new cargo truck for $52,000. Additional costs include: • Sales tax: $4,100 Custom decals and branding: $1,600 Annual license registration fee: $280 . • Initial vehicle inspection: $300 What amount should Brighton record as the cost of the new truck?
Brighton Logistics purchases a new cargo truck for $52,000. Additional costs include: • Sales tax: $4,100 Custom decals and branding: $1,600 Annual license registration fee: $280 . • Initial vehicle inspection: $300 What amount should Brighton record as the cost of the new truck?
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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Transcribed Image Text:Brighton Logistics purchases a new cargo truck for $52,000.
Additional costs include:
•
Sales tax: $4,100
Custom decals and branding: $1,600
Annual license registration fee: $280
.
•
Initial vehicle inspection: $300
What amount should Brighton record as the cost of the new
truck?
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