Taylor Company Buys a Delivery Van with a List Price

Multiple Choice

Taylor Company buys a delivery van with a list price of $30,000.The dealer grants a 15% reduction in list price and an additional 2% cash discount on the net price if payment is made in 30 days.Sales taxes amount to $400 and the company paid an extra $300 to have a special horn installed.What should be the recorded cost of the van?

A) $24,990.
B) $25,645.
C) $25,690.
D) $25,390.