Question
A company incurred the following costs for a new delivery truck: Purchase price $150,000 Sales tax 6,700 Delivery charge from seller's location 1,300 Special racks
A company incurred the following costs for a new delivery truck:
| Purchase price | $150,000 |
| Sales tax | 6,700 |
| Delivery charge from seller's location | 1,300 |
| Special racks for storage | 3,000 |
| Normal repairs to the truck before it was used for the first time | 1,100 |
| Signs painted on the truck | 2,000 |
| Insurance on truck before it was used for the first time | 3,000 |
What is the cost of the delivery truck?
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Principles Of International Auditing And Assurance
Authors: Rick Hayes, Philip Wallage, Peter Eimers
4th Edition
9463720065, 978-9463720069
