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A company purchases a new delivery truck for $55,000. The sales taxes are $4,000. The logo of the company is painted on the side of
A company purchases a new delivery truck for $55,000. The sales taxes are $4,000. The logo of the company is painted on the side of the truck for $1,600. The truck license is $160. The truck undergoes safety testing for $290. What does the company record as the cost of the new truck?
- $61,050
- $60,890
- $59,000
- $60,600
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