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ANTONII [103]
3 years ago
13

Oriole Company incurs these expenditures in purchasing a truck: cash price $26,070, accident insurance (during use) $1,910, sale

s taxes $1,350, motor vehicle license $260, and painting and lettering $1,960. What is the cost of the truck?
Business
1 answer:
Finger [1]3 years ago
6 0

Answer:

$29,380

Explanation:

Calculation of cost of truck for Oriole company.

Cost of truck

Cash price

$26,070

Sales taxes

$1,350

Painting and lettering

$1,960

Total cost of truck

$29,380

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

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