17.7k views
1 vote
Carla Vista Co. purchased a delivery truck. The total cash payment was $43,410, including the following items. Negotiated purchase price $36,000 Installation of special shelving 2,030 Painting and lettering 860 Motor vehicle license 160 Annual insurance policy 2,200 Sales tax 2,160 Total paid $43,410

User Jsjc
by
5.0k points

1 Answer

4 votes

Answer:

total cost of the truck = $41,050

Explanation:

The expense of

Motor Vehicle license = $160

Annual insurance policy = $2200

are expenses off. This is because it has to do with the upkeep or servicing of the truck.

Therefore the total cost of the truck will be the addition of the following expenses

Negotiated purchase price = $36,000

Installation of special shelving = $2030

Painting and lettering = $860

Sales tax = $2160

$(36000 + 2030 + 860 + 2160)

= $41,050

The total cost of the truck purchased by Carla Vista Co. is $41,050

User Amillerrhodes
by
5.6k points