Basler Ltd. incurs these expenditures in purchasing a truck: invoice price $42,000; installation of a trailer hitch

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Basler Ltd. incurs these expenditures in purchasing a truck: invoice price $42,000; installation of a trailer hitch $1,000; one-year accident insurance policy $900; motor vehicle license $150; painting and lettering $750. What is the cost of the truck?
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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