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Cullumber Company incurs these expenditures in purchasing a truck: cash price $26,070, accident insurance (during use) $1,780, sales taxes $1,550, motor vehicle license $320, and painting and lettering $2,050.Required:What is the cost of the truck?

Respuesta :

abiolataiwo2015

Answer:

$29,720

Explanation:

Calculation for the cost of the truck of Cullumber Company

COST OF TRUCK

Purchase Price $26,070

Sales tax $1,550

Insurance during shipping $1,780

Motor vehicle license $320

Total Cost of Truck $29,720

Therefore the cost of the truck for Cullumber Company will be $29,720