4.5 Determining the total costs to include to capitalize an asset. Points: 4 items @ 2 pts. each = 18 p15. Directions: Determine the amount to be capitalized in the asset account for the purchase of the truck Background Information: Donald purchased a moving truck to move Micky to Alaska. The truck had a list price of $150,000. Donald was able to negotiate a 3.25% because he was able to pay cash for the purchase The truck needed shipped and the freight cost were $3,000. The specialist fee for the transaction was $1,800. Donald is paying someone $45,000 to load the truck and move Mickey. He also purchased a $10,000 insurance policy. The truck has an expected life of 6 years with a salvage value of $8,000 + sts that are to be capitalized: List Price Less: Discount Freight Cost Specialist Fee otal Costs Hel ul Resources What Costs Are Included In Propem, Plant, & Equipment