Which one of the following items is not considered a part of the cost of a truck purchased for business use?
A) Sales tax
B) Truck license
C) Freight charges
D) Cost of lettering on side of truck

Question

Quizplus · Accepted Answer

Truck license fees are considered an operational expense rather than a part of the initial cost of acquiring the truck. Sales tax, freight charges, and the cost of lettering are all capitalized as part of the truck's cost.

Which One of the Following Items Is Not Considered a Part