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Arnold company purchases a new delivery truck 40000 the

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?

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Accounting Basics: Arnold company purchases a new delivery truck 40000 the

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