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What does arnold record as the cost of the new truck

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Question: Arnold company purchases a new delivery truck $40,000. The sales taxes are $2500. The lego of the truck company is painted on the side of the truck for $1200.00 The trucks annual licence is $120. The truck undergoes safety testing for $220. What does Arnold record as the cost of the new truck?

Reference no: EM131752624

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