Company owned vehicle -Fixed asset being traded in for another vehicle
Balance on books - N/P = 6,249.05
Purchase Price50,143.59Other Charges paid to others on your behalf
Trade-In allowance-23,000.00 Registration fee28
Rebate-6,000.00 Title Fee40
Payoff trade-in6,300.00Document Fee489.9
Other Charges557.90557.9
Financing28,001.49
Questions
Does the Other Charges get added to the purchase price or classedout to fees?
How does this get posted?