Anderson Company purchases a new delivery truck for $$50,000.$ The sales taxes are $$3,000.$ The logo of the company is painted on the side of the truck for $$1,800.$ The truck's annual license is $$140$ and annual insurance is $$600.$ The truck undergoes a one$-$time initial safety testing before use for $$270.$ What does Anderson record as the cost of the new truck?

The following equipment was purchased July $1,2019.$

$\backslash$table$[[$Initial Cost,$$600,000$