Question

Engler company purchases a new delivery truck for $55000. the sales taxes are $4000. the logo of the company is painted on the side of the truck for $1600. the truck license is $160. the truck undergoes safety testing for $290. what does engler record as the cost of the new truck?

Answer 1

$60,890 is the cost of new truck.

Explanation:

Given :

Purchasing cost of truck =$55000.

Sales Tax=$4000

Painted logo cost = $1600

Safety testing cost =$290.

Then the Cost of truck can be determined by

`= Purchase\ cost\ + \ Sales\ tax\ +\ painted \ logo\ cost\ +\ safety\ testing \ cost\\= 55,000+4000+1600+290\\= 60,890`