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    isame's Avatar
    isame Posts: 1, Reputation: 1
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    #1

    Mar 25, 2012, 07:24 PM
    Accounting answers free?
    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?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Mar 26, 2012, 10:07 AM
    Just add the costs together with the execption of the insurance.
    ACCTGUY's Avatar
    ACCTGUY Posts: 22, Reputation: 1
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    #3

    Apr 15, 2012, 05:46 PM
    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

    Give us more details if above doesn't answer your question.
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