Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $48,250. In addition, Jose incurred the following expenses before using the van: shipping costs of $1,510; paint to match the other fleet vehicles at a cost of $1,570; registration costs of $5,069, which included $4,800 of sales tax and an annual registration fee of $269; wash and detailing for $139; and an engine tune-up for $344. Required:
What is Jose's cost basis for the delivery van?

Which of the following is a problem for the production of public goods?

Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)

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