John purchases a truck for his hardware business in Utah. The price of the truck $18,000. The truck is located in Alabama so John must pay $1,000 to ship the truck up to Utah. When John registered the car for the ?rst time. he paid $1.150 of tax for the purchase of the truck and his annual registration fees of $100. John also took the truck to an auto paint shop where he paid $500 to get his company logo painted on the side.
What is value that the truck is recorded on John’s books?
Options:
18,000
19,000
20.050
20.650
20,750

Answer rating: 100% (QA)

1800010001150100500 ... View the full answer