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15 October, 18:40

Crane Company incurs these expenditures in purchasing a truck: cash price $22,280, accident insurance (during use) $1,940, sales taxes $1,730, motor vehicle license $250, and painting and lettering $2,350. What is the cost of the truck?

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  1. 15 October, 19:28
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    Cost of Truck = $26360

    Explanation:

    given data

    cash price = $22,280

    accident insurance = $1,940

    sales taxes = $1,730

    motor vehicle license = $250

    painting and lettering = $2,350

    solution

    we know that Accidental insurance and the vehicle license are not include in cost of truck because there are yearly cost so that cost of the truck will be as

    cost of the truck = cash price + sales taxes + painting and lettering ... 1

    put here value we get

    Cost of Truck = $22,280 + $1,730 + $2,350

    Cost of Truck = $26360
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