On January 1, 2019, Watson Construction Company purchased a truck for $40,000. In addition to the purchase price, the company incurred $500 in sales taxes, $1,000 in interest, and $2,000 for a bed liner to protect the back of the truck. The Watson Company should record the truck on their books as an asset at:
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On January 1, 2019, Watson Construction Company purchased a truck for $40,000. In addition to the pu...
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