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Account for basket purchase. Dependable Courier purchased four vehicles at a total cost of $55,500. The appraised values of the individual vehicles were as follows:

Vehicle 1 $12,390

Vehicle 2 $13,570

Vehicle 3 $15,930

Vehicle 4 $17,110

What amounts should be recorded as the cost for each of the vehicles in Dependable Courrier's accounts?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92408798

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