Arnold Company purchases a new delivery truck for $35,000.

Arnold Company purchases a new delivery truck for $35,000. The sales taxes are $2,000. The logo of the company is painted on the side of the truck for $1,200. The truck’s annual license is $120. The truck undergoes safety testing for $220. What does Arnold record as the cost of the new truck?

"Is this part of your assignment? We will write the assignment for you. Click order now and get up to 40% Discount"