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Sunland Company incurs these expenditures in purchasing a truck: cash price $49,000, accident insurance (during use) $3,800, sales taxes $1,900, motor vehicle license $400, and

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Sunland Company incurs these expenditures in purchasing a truck: cash price $49,000, accident insurance (during use) $3,800, sales taxes $1,900, motor vehicle license $400, and painting and lettering $1,800. What is the cost of the truck? Cost of the truck

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