Tolbert Company incurs these expenditures in purchasing a truck: cash price $24,000; accident insurance (during use) $2,000;
Question:
Tolbert Company incurs these expenditures in purchasing a truck: cash price
$24,000; accident insurance (during use) $2,000; sales taxes $1,080; motor vehicle license
$300; and painting and lettering $1,700. What is the cost of the truck?
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