What amount should be debited to the asset account vehicles, Accounting Basics

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What amount should be debited to the asset account vehicles

Martinelli Company recently purchased a truck. The price negotiated with the dealer was $85,000. Martinelli also paid sales tax of $6,000 on the purchase, shipping and preparation costs of $950, and insurance for the first year of operation of $2,000. For the truck, what amount should be debited to the asset account Vehicles?

a. $85,000.

b. $91,000.

c. $91,000.

d. $91,950.

e. $93,950.

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Accounting Basics: What amount should be debited to the asset account vehicles

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Accounting Basics: What amount should be debited to the asset account vehicles

Reference No:- TGS096721

Recent Questions Asked Accounting Basics

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