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Riverbed Company incurs the following expenditures in purchasing a truck: cash price $53,000, accident insurance (during use) $4,500, sales taxes $2,900, motor vehicle license $180,

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Riverbed Company incurs the following expenditures in purchasing a truck: cash price $53,000, accident insurance (during use) $4,500, sales taxes $2,900, motor vehicle license $180, and painting and lettering $480. What is the cost of the truck? Cost of the truck

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