Dallas Corporation Purchases a New Delivery Truck for $35,000

question 58

Multiple Choice

Dallas Corporation purchases a new delivery truck for $35,000.The company logo is painted on the side of the truck for $1,800.The motor vehicle licence is $160.Annual insurance is $1,700.At what amount does Dallas record the cost of the new truck?

• A)$35,000
• B)$35,160
• C)$36,800
• D)$36,860

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Definitions:

Follower Strategy

A business approach where a company decides to follow the innovations, products, or services introduced by competitors rather than lead the market.

Value Chains

The full range of activities that businesses undergo to bring a product or service from conception, through production, delivery to the consumer, and final disposal, adding value at each step.

Market Position

Describes a brand's unique spot in the marketplace, determined by consumers' perceptions of the brand and its competitors.

Transnational Strategy

A business approach that combines global integration with local responsiveness to efficiently manage operations across borders.