Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. trentham transport purchases a new delivery truck

Trentham Transport purchases a new delivery truck for $80,000. The stamp...

90.2K

Verified Solution

Question

Accounting

image
Trentham Transport purchases a new delivery truck for $80,000. The stamp and transfer duty is $3,000. The logo of the company is painted on the side of the truck for $500. The truck registration is $700 and a 12 month accident insurance policy is $1100. The truck undergoes safety testing for $330. What does Trentham Transport record as the cost of the new truck? $83,830 $85,630 $80,000 $83,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Are these two statements correct? Statement 1: Alpha is the difference between a real return and...

Finance
Q

why partial agonist is unable to reach the maximal response?

Medical Sciences
Q

You are designing a slide for a water park. In a sitting position, park guests slide...

Physics
Q

3.19 A gas with adiabatic exponent γ is compressed adiabatically from an initial state (Pi, Vi)...

Physics
Q

MULTIPLE CHOICE. PLEASE ANSWER ASAP. THANK YOU! 17. Sales for the year were $588,096. Accounts receivable...

Accounting
Q

In Exercises 3 6 use the diagram to write an example of the postulate 3...

Geometry
Q

The product of two numbers is to be minimized. The second number is eight more...

Basic Math
Q

Compute the maturity value on the following notes. Fill in the missing entries for due...

Accounting
Q

Required Information Exercise 14-8 (Algo) Payback Period and Simple Rate of Return [LO14-1, L014-6] [The...

Accounting
Q

What are the three types of analytics? Define them in your own words and provide...

Accounting
Q

4.6. a. What is the difference between liabilities and equity? b. What makes a liability...

Finance
Q

Suppose that the VC holds convertible preferred with 1X liquidation rights. The VC invested $2.5m...

Finance