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Crane Company purchases a new delivery truck for $50000. The sales taxes are $5000. The logo of the company is painted on the side of

Crane Company purchases a new delivery truck for $50000. The sales taxes are $5000. The logo of the company is painted on the side of the truck for $1600. The trucks annual license is $130. The truck undergoes safety testing for $270. What does Crane record as the cost of the new truck?

$56870.

$54870.

$55000.

$57000.

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