Wildhorse Co. purchases a new delivery van for $83000. The sales taxes are $5250. The logo of the company is painted on the side of the van for $1200. The van's annual license is $200. The van undergoes safety testing for $270. What does Wildhorse record as the cost of the new van? O $88250. O $89920. O $89470. O $89720.
Wildhorse Co. purchases a new delivery van for $83000. The sales taxes are $5250. The logo of the company is painted on the side of the van for $1200. The van's annual license is $200. The van undergoes safety testing for $270. What does Wildhorse record as the cost of the new van? O $88250. O $89920. O $89470. O $89720.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Wildhorse Co. purchases a new delivery van for $83000. The sales taxes are $5250. The logo of the company is painted on the side of
the van for $1200. The van's annual license is $200. The van undergoes safety testing for $270. What does Wildhorse record as the
cost of the new van?
$88250.
$89920.
$89470.
$89720.
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