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Pina Colada Company incurs the following expenditures in purchasing a truck: cash price $55,000, accident insurance (during use) $3,000, sales taxes $1,800, motor vehicle license

Pina Colada Company incurs the following expenditures in purchasing a truck: cash price $55,000, accident insurance (during use) $3,000, sales taxes $1,800, motor vehicle license $170, and painting and lettering $470. What is the cost of the truck? Cost of the truck $

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