Thomas Company has decided to purchase a company vehicle. The accountant was given all of purchase details. Which should be used to record the vehicle in the accounting records? The price negotiated with the dealer. The manufacturer's suggested retail price (MSRP). The amount of the loan with the bank. The average selling price of similar vehicles in the area.
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Home » Business » Thomas Company has decided to purchase a company vehicle. The accountant was given all of purchase details. Which should be used to record the vehicle in the accounting records? The price negotiated with the dealer.