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Annual insurance on the van is 500 as a result of the

Question - Angie's Blooms purchased a delivery van for $35,000. The company was given a $3,000 cash discount by the dealer, and paid $1,500 sales tax. Annual insurance on the van is $500. As a result of the purchase, by how much will Angie's Blooms increase its van account?

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Accounting Basics: Annual insurance on the van is 500 as a result of the

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