INTERMEDIATE ACCOUNTING(EBOOK-W/WILEY+)
17th Edition
ISBN: 9781119614142
Author: Kieso
Publisher: WILEY
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Stellar Systems Logistics purchases a new cargo van for $48,000. The sales taxes are $3,600. The company name is custom-wrapped on the sides of the van for $1,200. The van's annual registration fee is $200. Before use, the van undergoes a required inspection costing $350. What amount should Stellar Systems Logistics record as the cost of the new van?
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