Salvia Company recently purchased a truck. The price negotiated with the dealer was $50,000. Salvia also paid sales tax of $4,000 on the purchase, shipping and preparation costs of $5,000, and insurance for the first year of operation of $6,000. At what amount should the truck be recorded on the balance sheet prior to recording depreciation expense? Multiple Choice $54,000. $55,000 $59,000 $50,000