Lakes District Company purchased a delivery truck. The total cash payment was £27,900, including the following items.
Negotiated purchase price ............ £24,000
Installation of special shelving ........ 1,100
Painting and lettering ............. 900
Motor vehicle license ............. 100
Annual insurance policy ............ 500
Sales tax .................. 1,300
Total paid ............... £27,900
Explain how each of these costs would be accounted for.