TUIT 10 11.4 points) Upshaw Ltd. bought a lift truck with a list price of...
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TUIT 10 11.4 points) Upshaw Ltd. bought a lift truck with a list price of $ 30,000. The dealer granted a 10% reduction in the list price, and an additional 2% cash discount on the net price when payment was made in 30 days. Provincial sales tax was $ 1,785 and Upshaw paid an extra $ 350 to have a special horn installed. The recorded cost of the truck should be 1) Zero 2) $ 29,135. 3) $ 31,535. 4) $ 28,595. 5) $ 28,552
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