Calculate the cost of the delivery truck, Accounting Basics

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Calculate the cost of the delivery truck

Assignment Problem: Bens Asphalt purchased a delivery truck. The total cash payment was 45042.

Negotiated purchase price	$37,200
Installation of special shelving	2,380
Painting and lettering	700
Motor vehicle license	190
Two-year insurance policy	2,340
Sales tax	2,232
Total paid	$45,042

Required - Calculate the cost of the delivery truck? Please explain which formula you use.

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Accounting Basics: Calculate the cost of the delivery truck

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