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: 5850 in sales taxes: $950 for insurance coverage through June 30: and 5600 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. $23,050 b. $25.050 c. $24,600 d. $26.600 5 points Sert Anne Match the term on the left with the appropriate definition or description on the left. Securities and Exchange Commission (SEC) A A licencing requirement for auditors of public firms Financial Accounting Standards Board 8. The group responsible for setting accounting standards in the US Board of directors C. The group that represents the Interests of a company's shareholders Sarbanes-Oxley D. The group charged with regulating financial markets Certified Public Accountant E. Legislation that makes a CEO liable for finanical fraud