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urgent thx (pls dont copy others answer) United Van Lines purchased a truck with a list price of $250,000 subject to a 6% discount if
urgent thx (pls dont copy others answer)
United Van Lines purchased a truck with a list price of $250,000 subject to a 6% discount if paid within 30 days. United Van Lines paid within the discount period. It paid $4,000 to obtain title to the truck with the state and an $800 license fee for the first year of operation. It paid $1,500 to paint the firms name on the truck and $2,500 for property and liability insurance for the first year of operation. What acquisition cost of this truck should United Van Lines record in its accounting records?
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