Connect Assignment Chapter 3 Question 29 (of 32) 29. vate 1.00 points You did no

Question

Connect Assignment Chapter 3 Question 29 (of 32) 29. vate 1.00 points You did not receive full credt for this Paul Rey bought four new Dunlop tires at Goodyear for $95 99 per tire. Goodyear charged $3.05 per tire for mounting, $2.95 per tire for valve stems, and 3 80 per tire for balancing. if Paul paid no sales tax, what was his total cost for the four tires? (Round your answer to 2 decimai places) Total cost Hints References eBook & Resources Hint#1 Previous attempt Ask your instructor a question Check my work

Explanation / Answer

Total cost of four tyres = (95.99 + 3.05 + 2.95 + 3.80) * 4

= 423.16

All the costs above are necessary to bring the asset to use and hence should be capitalised as cost of tyre

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