Business, 16.03.2020 22:41 magicalforlife

Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $24,500. In addition, Jose incurred the following expenses before using the van: shipping costs of $650; paint to match the other fleet vehicles at a cost of $1,000; registration costs of $3,200, which included $3,000 of sales tax and an annual registration fee of $200; wash and detailing for $50; and routine maintenance for $250.What is Jose�s cost basis for the delivery van?

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Jose purchased a delivery van for his business through an online auction. His winning bid for the va...