The Dalton Company purchases a new delivery truck for $20,000. The sales taxes are $1,000. The logo of the company is painted on the side of the truck for $600. The truck license is $60. The truck insurance for two years is $110. What does Dalton record as the cost of the new truck? a. $21,600 b. $21,710 c. $21,770 d. $20,710

The Dalton Company purchases a new delivery truck for $20,000. The sales taxes are $1,000. The logo of the company is painted on the side of the truck for $600. The truck license is $60. The truck insurance for two years is $110. What does Dalton record as the cost of the new truck? a. $21,600 b. $21,710 c. $21,770 d. $20,710

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter17: Advanced Issues In Revenue Recognition

Section: Chapter Questions

Problem 6MC

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