Remal Bidiya Company purchased loading truck for their new factory for RO 6,00oo. The shipping costs from Dubai cost RO 500. The logo of the company is painted on the side of the truck for RO 200. The company also paid custom taxes RO 60. The truck will be installed for RO 110. The current year insurance on the truck is RO 100. What does the company record as the cost of the new truck? Select one: O a. RO 6,970 O b. RO 6,000 O c RO 6,870
Remal Bidiya Company purchased loading truck for their new factory for RO 6,00oo. The shipping costs from Dubai cost RO 500. The logo of the company is painted on the side of the truck for RO 200. The company also paid custom taxes RO 60. The truck will be installed for RO 110. The current year insurance on the truck is RO 100. What does the company record as the cost of the new truck? Select one: O a. RO 6,970 O b. RO 6,000 O c RO 6,870
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Remal Bidiya Company purchased loading truck for their new
factory for RO 6,00o. The shipping costs from Dubai cost RO 500.
The logo of the company is painted on the side of the truck for RO
200. The company also paid custom taxes RO 60. The truck will be
installed for RO 110. The current year insurance on the truck is RO
100. What does the company record as the cost of the new truck?
Select one:
O a. RO 6,970
O b. RO 6,000
O C RO 6,870
Od RO 6,560
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