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Sheridan Ltd. incurs these expenditures in purchasing a truck: invoice price $44,560; installation of a trailer hitch $1,100; one-year accident insurance policy $827; motor vehicle

Sheridan Ltd. incurs these expenditures in purchasing a truck: invoice price $44,560; installation of a trailer hitch $1,100; one-year accident insurance policy $827; motor vehicle licence $155; painting and lettering $820. What is the cost of the truck? Cost of the truck

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