Multiple Choice
Schrock Company purchases a new delivery van for $60,000. The sales taxes are $4,500. The logo of the company is painted on the side of the van for $1,200. The van's annual license is $120. The van undergoes safety testing for $220. What does Schrock record as the cost of the new van?
A) $66,040.
B) $65,920.
C) $64,500.
D) $63,920.
Correct Answer:
Verified
Correct Answer:
Verified
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