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The following costs pertain to a new delivery truck that was purchased on March 31, 2020. All costs were paid in cash. Calculate how much
The following costs pertain to a new delivery truck that was purchased on March 31, 2020. All costs were paid in cash. Calculate how much the truck will be capitalized as an asset for the truck. How much will be expensed? You can prepare a journal entry if you wish, but it is not necessary. Cost of Truck $30,000 Painting company signs on truck $1,300 Oil Change and gasoline for the month $ 40 Sales Tax $2,100
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