Question

Cullumber Company purchases a new delivery truck for $78000. The sales taxes are $2900. The logo of the company is painted on the side of the truck for $1600. The truck’s annual license is $120. The truck undergoes safety testing for $240. What does Cullumber record as the cost of the new truck?

a. $82860.
b. $82740.
c. $80900.
d. $80740.

Answer 1

$82740.

Step-by-step explanation:

we summed up all the cost except the truck’s annual license is $120 as it comes under other expenditure.