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Bridgeport Corp. purchased a delivery van with a $50000 list price. The company was given a $5000 cash discount by the dealer and paid $2500

Bridgeport Corp. purchased a delivery van with a $50000 list price. The company was given a $5000 cash discount by the dealer and paid $2500 sales tax. Annual insurance on the van is $1700. As a result of the purchase, by how much will Bridgeport Corp. increase its van account? $48300. $45000 $47500 $50000

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