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Do It! Review 10-01 (Essay) Lofton Company purchased a delivery truck. The total cash payment was $27,900, including the following items. Negotiated purchase price Installation

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Do It! Review 10-01 (Essay) Lofton Company purchased a delivery truck. The total cash payment was $27,900, including the following items. Negotiated purchase price Installation of special shelving Painting and lettering Motor vehicle license Annual insurance policy Sales tax Total paid $24,000 1,100 900 100 500 1,300 $27,900 Explain how each of these costs would be accounted for Click if you would like to Show Work for this question: Open Show Work

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