Question

Crane Company purchased a delivery truck. The total cash payment was $39,608, including the following items. Negotiated purchase price $31,800 Installation of special shelving 1,320 Painting and lettering 880 Motor vehicle license 400 Annual insurance policy 3,300 Sales tax 1,908 Total paid $39,608 Calculate the cost of the delivery truck. The cost of the delivery truck $

Answer 1

Answer:

Cost of the delivery truck = $35,512

Explanation:

Cost of the delivery truck = Negotiated purchase price + Installation of special shelving inside truck + Painting and lettering + Sales tax = $31,800 + $1,320 + $880 + $1,512 = $35,512