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Flint Company incurs the following expenditures in purchasing a truck: cash price $47,000, accident insurance $4,600, sales taxes $2,200, motor vehicle license $100, and painting

Flint Company incurs the following expenditures in purchasing a truck: cash price $47,000, accident insurance $4,600, sales taxes $2,200, motor vehicle license $100, and painting and lettering $400. What is the cost of the truck

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