Question
Ivanhoe Company bought a delivery truck.Total cash payment was $41,520 including the following items. negotiated purchase price $33,000 Installation of special shelves. 2,670 painting and
Ivanhoe Company bought a delivery truck. Total cash payment was $41,520 including the following items.
| negotiated purchase price | $33,000 | |
| Installation of special shelves. | 2,670 | |
| painting and lettering | 680 | |
| motor vehicle license | 230 | |
| Two-year insurance policy | 2,960 | |
| Sales tax | 1,980 | |
| total paid | $41,520 |
Calculate the cost of the delivery truck.
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The cost of the delivery truck can be calculated by subtracting the cost of all the additional ite...
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Auditing An International Approach
Authors: Wally J. Smieliauskas, Kathryn Bewley
6th edition
978-0070968295, 9781259087462, 978-0071051415
