Neeley Company incurs the following expenditures in purchasing a truck: cash price $28,127, accident insurance $2,250, sales taxes $2,280, motor vehicle license $156, and painting and lettering $325. What is the cost of the truck?
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Neeley Company incurs the following expenditures in purchasing a truck: cash price $28,127, accident insurance $2,250, sales taxes $2,280, motor vehicle license $156, and painting and lettering $325. What is the cost of the truck?
Just add the costs together with the execption of the insurance.
What are you looking for here JOURNAL ENTRIES. Or Reporting an asset on Balance sheet.
Cost of the truck you will add all the costs :) $33138
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