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Merrit CO. purchased a truck costing exist100,000 and paid shipping costs of exist10,000. Merrit spent an additional exist5,000 on preparing the truck for use. What

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Merrit CO. purchased a truck costing exist100,000 and paid shipping costs of exist10,000. Merrit spent an additional exist5,000 on preparing the truck for use. What amount should Merrit record as the cost of the truck? exist100,000 exist115,000 exist110,000 exist105,000

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