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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
| 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 | ||||||
| Costs that are to be capitalized: | ||||||
| List Price | ||||||
| Less: Discount | ||||||
| Freight Cost | ||||||
| Specialist Fee | ||||||
| Total Costs | ||||||
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A Standardized Financial Statement Auditing Framework For The Cloud Ecosystem Standards Principle Rules Volume 1
Authors: Cpa Citp Kilby
1st Edition
1636612237, 978-1636612232
