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Monty Corp. incurs the following expenditures in purchasing a truck: cash price $46,000, accident insurance $2,200, sales taxes $4,400, motor vehicle license $100, and painting

Monty Corp. incurs the following expenditures in purchasing a truck: cash price $46,000, accident insurance $2,200, sales taxes $4,400, motor vehicle license $100, and painting and lettering $400. What is the cost of the truck?

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