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8 April, 04:57

Arnold Company purchases a new delivery truck for $45000. The sales taxes are $2500. The logo of the company is painted on the side of the truck for $1200. The truck's annual license is $120. The truck undergoes safety testing for $220. What does Arnold record as the cost of the new truck?

a) $47500.

b) $48920.

c) $46920.

d) $49040.

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Answers (1)
  1. 8 April, 05:44
    0
    Arnold record as the cost of the new truck = $49,040

    so correct option is d) $49040

    Explanation:

    given data

    delivery truck = $45000

    sales taxes = $2500

    painted cost = $1200

    annual license = $120

    safety testing = $220

    to find out

    Arnold record as the cost of the new truck

    solution

    we know that Arnold record as the cost of the new truck is express as

    Arnold record as the cost of the new truck = delivery truck + sales taxes + painted cost + annual license + safety testing ... 1

    put here value we get

    Arnold record as the cost of the new truck = $45000 + $2500 + $1200 + $120 + $220

    Arnold record as the cost of the new truck = $49,040

    so correct option is d) $49040
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