Asset valuation. Pizza Hut purchased a used van from Domino's Pizza to deliver pizzas. Pizza Hut paid $14,500 for the van. It paid $1,200 to have the Domino's Pizza name removed from the van and repainted with the Pizza Hut colors and name. It paid $75 for the license fee and

$680 for insurance for the first year of use, which begins next month. How much should Pizza Hut record as the acquisition cost of this van? Describe the treatment of any of the above amounts that you did not include in the acquisition cost of the van.