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Blossom Company incurs these expenditures in purchasing a truck: cash price $20,000, accident insurance (during use) $1,500, sales taxes $1,100, motor vehicle license $200, and painting and lettering $1,600. What is the cost of the truck

Respuesta :

tanseershar

Answer:

$22,700

Explanation:

Cash price           $20,000

Sales Tax                $1,100

Painting & Lettering $1,600

Cost of Truck         $22,700

Please note that insurance cost and motor vehicle license fee are revenue expenditures therefore have been ignored while computing the cost of truck.