Company owned vehicle -fixed asset being traded in for


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?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Company owned vehicle -fixed asset being traded in for
Reference No:- TGS0596309

Expected delivery within 24 Hours