Horner Company Buys a Delivery Van with a List Price

Multiple Choice

Horner Company buys a delivery van with a list price of $60,000. 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 $800 and the company paid an extra $600 to have a special device installed. What should be the recorded cost of the van?

A) $49,980.
B) $51,290.
C) $51,380.
D) $50,780.