Question - A Mercedes class c250 sedaan 2015 was bought. Which of these costs to be capitalized and should be expensed to Income statement:
Vehicle cost 77000
Color trim 1964.60
Seat comfort package 1518
Sunroof 2332
Vision package 1894.20
Reg fee 513.50
CTP Insurance 640.18
Dealer delivery charges 4346.96
Stamp duty 2643.62
Luxury car tax 2146.94
How to make extract of Income statement?