On, Jan. 1, 2018, ABC purchases a van for making deliveries to customers. Cash payments on that date are: $21,500 to the seller of the van; $850 in sales taxes; $950 for insurance coverage through June 30; and $600 for license plates to operate the truck through December 31. On Jan. 2, ABC pays $2,700 to a body shop to paint lettering on the van and install custom warming ovens. ABC expects to use the van for 12 years, and estimates its salvage value at the time will be $2,000. What amount should be capitalized as the acquisition cost of the van?

	a.	$25,050
	b.	$26,600
	c.	$23,050
	d.	$24,600