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crimeas [40]
2 years ago
9

Schrock Company purchases a new delivery van for $60,000. The sales taxes are $4,500. The logo of the company is painted on the

side of the van for $1,200. The van's annual license is $120. The van undergoes safety testing for $220. What does Schrock record as the cost of the new van?
Business
1 answer:
Natasha_Volkova [10]2 years ago
5 0

Answer:

Schrock record the $65,920 as the cost of the new van

Explanation:

The computation of cost of the new van is computed below:

= Purchase cost + sales tax + logo cost + safety testing cost

= $60,000 + $4,500 + $1,200 + $220

= $65,920

where,

Purchase cost is $60,000

Sales tax is $4,500

Logo cost is $1,200

Safety testing cost is $220

The van annual license is not included in the cost of new wan. Thus, it is not consider in the computation part.

Hence, Schrock record the $65,920 as the cost of the new van

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Answer:

$164,313.82

Explanation:

In this question we have to apply the present value formula i.e to be shown in the attachment

Provided that,  

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The formula is shown below:

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So, after applying the above formula the present value is $164,313.82

8 0
2 years ago
A downside of primary research is that it is _____. expensive and time consuming cheap but labor intensive time consuming but sp
Anarel [89]

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3 years ago
When a manager deciding how to most fairly identify internal candidates for a promotion she is making a __________.
s2008m [1.1K]

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Explanation:

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7 0
2 years ago
In 2009, regulations for credit cards were changed by A. agreements between bankers and borrowers. B. the Credit Cardholders' Bi
Leni [432]

Answer:

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3 years ago
Corporation M has $40,000 of current earnings and profits and $10,000 of accumulated earnings and profit. During the year Corpor
zzz [600]

Answer:

$40,000

Explanation:

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2 years ago
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