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Sheffield Company incurs the following expenditures in purchasing a truck: cash price $55,000, accident insurance (during use) $3,800, sales taxes $3,400, motor vehicle license $190,
Sheffield Company incurs the following expenditures in purchasing a truck: cash price $55,000, accident insurance (during use) $3,800, sales taxes $3,400, motor vehicle license $190, and painting and lettering $490. What is the cost of the truck? Cost of the truck S
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