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Bridgeport Company incurs the following expenditures in purchasing a truck: cash price $54,000, accident insurance $3,900, sales taxes $1,800, motor vehicle license $100, and painting

Bridgeport Company incurs the following expenditures in purchasing a truck: cash price $54,000, accident insurance $3,900, sales taxes $1,800, motor vehicle license $100, and painting and lettering $400. What is the cost of the truck?

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