Cullumber Company incurs these expenditures in purchasing a truck: cash price $$55,000,$ accident taxes $$1,800,$ motor vehicle license $$200,$ and painting and lettering $$1,700.$ What is the cost of the truck?

Cost of the truck

$Cullumber Company incurs these expenditures in purchasing a truck: cash price $$55,000,$ accident taxes $$1,800,$ motor vehicle license $$200,$ and painting and lettering $$1,700.$ What is the cost of the truck?

Cost of the truck

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