Ace, Inc. just bought a new delivery truck. Which of these costs should be capitalized?1. The $500 for insurance on the truck for the next 12 months2. The $25,000 cost of the truck3. The $2,000 paid to install shelves inside the truck4. The $50 a week for gas to run the truck.
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Home » Business » Ace, Inc. just bought a new delivery truck. Which of these costs should be capitalized?1. The $500 for insurance on the truck for the next 12 months2. The $25,000 cost of the truck3. The $2,000 paid to install shelves inside the truck4.