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Ivanhoe Ltd. incurs these expenditures in purchasing a truck: invoice price $39,370; installation of a trailer hitch $1,080, one-year accident insurance policy $830; motor vehicle

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Ivanhoe Ltd. incurs these expenditures in purchasing a truck: invoice price $39,370; installation of a trailer hitch $1,080, one-year accident insurance policy $830; motor vehicle licence $165; painting and lettering $727. What is the cost of the truck? Cost of the truck $

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