Which one of the following items is NOT considered a part of the cost of a truck purchased for business use?
A) insurance during transit
B) truck licence
C) freight charges
D) cost of lettering on side of truck

Question

Quizplus · Accepted Answer

The cost of a truck license is not considered part of the purchase cost of a truck for business use. It is an operational expense related to the use of the truck, whereas insurance during transit, freight charges, and the cost of lettering on the side of the truck are all considered part of the initial acquisition cost.

Which One of the Following Items Is NOT Considered a Part