Question

schrock company purchases a new delivery van for $55,000. the sales taxes are $4,000. the logo of the company is painted on the side of the van for $1,200. the vans annual license is $120. the van undergoes safety testing for $220. what does schrock record as the cost of the new van?

a.$60,540

b.$60,420

c.$59,000

d.$58,420

Answer

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