Question

Bailey company purchased a new delivery truck for $35,000. the sales tax was $2,000. the logo of the company was painted on the side of the truck for $1,200. the truck operating license was $120. the truck underwent safety testing for $220. what should bailey record as the cost of the new truck?

Answer 1

To find the cost of the truck, you will need to add all the expenses that incurred in addition to the actual cost of the truck.

35000 + 2000 + 1200 + 120 + 220 = 38540

The cost including expenses should be recorded as $38540.