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What amount should Michelle Delivery record

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Reference no: EM132476574

Question - Michelle's Delivery buys a van with a list price of $60,000. The dealer grants a 15% reduction in list price and an additional 2% cash discount on the net price if payment is made in 30 days, which Michelle's Delivery did. Non-refundable sales taxes are $800 and Michelle's Delivery paid an extra $600 to have a GPS device installed. What amount should Michelle's Delivery record as the cost of the van?

a) $51,380.

b) $49,980.

c) $51,290.

d) $50,780.

Reference no: EM132476574

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