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Lennox Corporation purchased a new delivery truck for 60,000. The sales taxes are $4,800. The logo is painted on the side of the truck for
Lennox Corporation purchased a new delivery truck for 60,000. The sales taxes are $4,800. The logo is painted on the side of the truck for $1,000. The truck's annual license is $250. Annual insurance on the truck is $1,200. What should Lennox record as the cost of the new truck?
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