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Question - A company incurred the following costs for a new delivery truck:
Purchase price $140,000
Sales tax 6,200
Delivery charge from seller's location 1,200
Special racks for storage 3,000
Normal repairs to the truck before it was used for the first time 1,100
Signs painted on the truck 2,000
Insurance on truck before it was used for the first time 3,000
Required - What is the cost of the delivery truck?
If they are subject to any taxes, can they use those taxes as a credit or a deduction on their Oregon income tax returns, as taxes paid to another state
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Use this information to determine for Alpha Company the dollar amount of its Cafeteria costs that are to be absorbed by: The Printing Department
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