Wildhorse Co. purchased a delivery truck. The total cash payment was $45,042, including the following items. Negotiated purchase price Installation of special shelving Painting and lettering Motor vehicle license Two-year insurance policy Sales tax Total paid $37,200 The cost of the delivery truck 2,380 $ 700 Calculate the cost of the delivery truck. 190 2,340 2,232 $45,042

Wildhorse Co. purchased a delivery truck. The total cash payment was $45,042, including the following items. Negotiated purchase price Installation of special shelving Painting and lettering Motor vehicle license Two-year insurance policy Sales tax Total paid $37,200 The cost of the delivery truck 2,380 $ 700 Calculate the cost of the delivery truck. 190 2,340 2,232 $45,042

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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Current Attempt in Progress Monty Corp. incurs these expenditures in purchasing a truck: cash price $46,000, accident insurance (during use) $2,200, sales taxes $4,400, motor vehicle license $300, and painting and lettering $1,700. What is the cost of the truck? Cost of the truck $ eTextbook and Media Save for Later Attempts: unlimited Submit Answer
Subject: Acounting
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