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What should the purchaser record as the acquisition cost

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Reference no: EM132943298

Problem 1: A company purchases a new delivery truck, paying $45,000 to the vendor. The sales taxes are $2,500. The company pays $1,200 to have the company logo painted on the side of the truck. The truck's annual operating license fee is $120. Before it can be used, the truck undergoes safety testing for a cost of $220. What should the purchaser record as the acquisition cost of the new truck?

a. $47,500.

b. $48,920.

c. $46,920.

d. $49,040.

Reference no: EM132943298

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