Dougherty Corporation purchased a new delivery van for use in its dry-cleaning business. As part of the purchase of the van the following costs were incurred:
Acquisition cost 30,000, Sales tax 1,800, Title transfer 250, paid to the company logo on the van 1,200, and two-year service contract 1,600.
Which of these costs would not be included in the capitalized cost of the asset?
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Home » Business » Dougherty Corporation purchased a new delivery van for use in its dry-cleaning business. As part of the purchase of the van the following costs were incurred: Acquisition cost 30,000, Sales tax 1,800, Title transfer 250, paid to the company logo on