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Ryan, Inc. purchased a delivery truck with a $48000 list price. The company was given a $4800 cash discount by the dealer, and paid $2400

Ryan, Inc. purchased a delivery truck with a $48000 list price. The company was given a $4800 cash discount by the dealer, and paid $2400 sales tax. Annual insurance on the truck is $1200. As a result of the purchase, by how much will Ryan, Inc. increase its truck account?

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