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?

Schrock record the $65,920 as the cost of the new van

Explanation:

The computation of cost of the new van is computed below:

= Purchase cost + sales tax + logo cost + safety testing cost

= $60,000 + $4,500 + $1,200 + $220

= $65,920

where,

Purchase cost is $60,000

Sales tax is $4,500

Logo cost is $1,200

Safety testing cost is $220

The van annual license is not included in the cost of new wan. Thus, it is not consider in the computation part.

Hence, Schrock record the $65,920 as the cost of the new van

the clients (funders) and customers (individual nonprofit staff) are great to work with. that i can be open about being a person of faith when appropriate. the variety of my tasks each day.

decentralization can the employees to get more involved in the business decision making