Business, 21.04.2020 23:15 xaguilar

Salvia Company recently purchased a truck. The price negotiated with the dealer was $48,000. Salvia also paid sales tax of $3,600 on the purchase, shipping and preparation costs of $4,600, and insurance for the first year of operation of $5,600. At what amount should the truck be recorded on the balance sheet prior to recording depreciation expense

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Salvia Company recently purchased a truck. The price negotiated with the dealer was $48,000. Salvia...

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