The logo of the company is painted on the side of the van for $1,200. The vanquot;s annual license is $120. The van undergoes safety testing for…

The logo of the company is painted on the side of the van for $1,200. The van”s annual license is $120. The van undergoes safety testing for $220. What does Edmonds record as the cost of the new van? A. $53,540 b. $53,420 c. $52,000 d. $51,420 9. Interest may be included in the acquisition cost of a plant asset a. during the construction period of a self-constructed asset. B. if the asset is purchased on credit. C. if the asset acquisition is financed by a long-term note payable. D. if it is a part of a lump-sum purchase.