Question

Blossom company had the following two transactions related to its delivery truck. 1. paid 55 for an oil change. 2. paid 537 to install special shelving units, which increase the operating efficiency of the truck. What were the total expenses for the delivery truck?

Answer 1

The total expenses for the delivery truck after adding the cost of the oil change ($55) and the installation of special shelving units ($537) is $592.

Step-by-step explanation:

To calculate the total expenses for the delivery truck, we simply need to add the two transactions related to its maintenance and upgrade. The oil change cost $55, which is a regular maintenance expense. The installation of special shelving units was $537, which improved the operating efficiency and can be considered a capital improvement rather than an expense for accounting purposes. However, assuming both costs are treated as expenses for this exercise, the total expenses would be $55 + $537 = $592.