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QUESTION 9 Sparacino Company purchased a delivery truck and these costs were incurred: * Cash price $30,000 * Sales taxes 2,400 Annual license fee 200

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QUESTION 9 Sparacino Company purchased a delivery truck and these costs were incurred: * Cash price $30,000 * Sales taxes 2,400 Annual license fee 200 * Insurance during transit 300 * Painting of the logo 500 Total costs $33,400 Sparacino should record the acquisition cost of the equipment as $33,400 $32,400 $32,600 $33,200 $33,400

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