HeFlin Company incurs these expenditures in purchasing a truck: cash price $18,000; accident insurance (during use) $2,000;

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HeFlin Company incurs these expenditures in purchasing a truck: cash price

$18,000; accident insurance (during use) $2,000; sales taxes $1,080; motor vehicle license

$300; and painting and lettering $1,200. What is the cost of the truck?

456 CHAPTER 9_ Reporting and Analyzing Long-Lived Assets Compute straight-line

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