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Find what is the cost of the truck

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Question 1: Basler limited incurred these expenditures when purchasing a truck: invoice price $42,000; installation of a trailer hitch $1000; one year accident insurance policy $900; motor vehicle license $150; painting and lettering $750. What is the cost of the truck?

Question 2: What is the difference between operating expenditure and capital expenditure?

Reference no: EM132503560

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