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What would be the capitalized cost of the van

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Question - Dougherty Corporation purchased a new delivery van for use in its dry cleaning business. As part of the purchase of the van the following costs were incurred: Acquisition cost 30,000, Sales tax 1,800, Title transfer 250, and two year service contract 1,600. What would be the capitalized cost of the van in Dougherty's financial statements?

Reference no: EM133088111

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