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Accounting 101 Financial Accounting Assignment Problem

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Accounting 101 Financial Accounting Assignment, Santiago Canyon College, USA

Question - Bens Asphalt purchased a delivery truck. The total cash payment was 45042.

Negotiated purchase price

$37,200

Installation of special shelving

2,380

Painting and lettering

700

Motor vehicle license

190

Two-year insurance policy

2,340

Sales tax

2,232

Total paid

$45,042

Required - Calculate the cost of the delivery truck? Please explain which formula you use.

Reference no: EM132436002

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