A10. (Historical costfixed assets) The Dexter Corp. buys a truck for use in its business. It incurs the following costs with respect to the truck in the first year. Which of these should be shown as part of the cost of the truck on the balance sheet? (Hint: only costs which are needed to get the truck ready for use are on the balance sheet.)

Amount paid to truck dealer $100,000 Painting company name and colors on truck $1,000 Sales tax on purchase of truck $8,000 Gasoline for first year $10,000 Liability Insurance coverage for first year $6,000