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zimovet [89]
3 years ago
7

Tamarisk, Inc. incurs the following expenditures in purchasing a truck: cash price $42,000, accident insurance $2,900, sales tax

es $2,700, motor vehicle license $100, and painting and lettering $400. What is the cost of the truck
Business
1 answer:
AURORKA [14]3 years ago
6 0

Answer:

$44,700

Explanation:

The cost of the truck according to IAS 16 under IFRS would only include any cost incurred in bringing the asset to as location or state where it becomes available for use.

Given cost items;

cash price = $42,000

Accident insurance = $2,900

Sales taxes = $2,700

Motor vehicle license = $100

Painting and lettering = $400

From all the cost items stated above, the cost of the truck

= $42,000 + $2,700

= $44,700

Other cost elements will be expensed.

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Answer: B. Currency Boards

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Taxes are also means of controlling capital by Organisations.

Quotas are also used to control capital by assigning certain level of spending or investment.

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Which of the following is a challenge that could come with buying an existing business
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Answer:

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I need help with Question B5 (a) short essay. im completely lost please help me :(
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In xigift try i jkyukuo
6 0
2 years ago
Journalize the following adjustments.
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