- Reconditioning costs on used trucks should be charged initially to Account 1360, Inventory—Used SUV/Trucks, and reconditioning costs on used remarketed SUV/Trucks should be charged initially to Account 1365, Inventory—Remarketed SUV/Trucks, and recorded on the used vehicle inventory record. When used SUV/Trucks are wholesaled, the inventory value, excluding reconditioning costs, of the units should be charged to Account 4760, Cost of Sales—Used SUV/Trucks—Wholesale, and accumulated reconditioning costs should be charged to this account.
- After the sale, free service and warranty service on used SUV/Trucks for which the dealership is responsible should be charged to Account 7230, Maintenance & Policy—Used.
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