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Business, 24.03.2020 17:47 bartlettcs9817

Salvia Company recently purchased a truck. The price negotiated with the dealer was $42,500. Salvia also paid sales tax of $2,500 on the purchase, shipping and preparation costs of $3,500, and insurance for the first year of operation of $4,500. At what amount should the truck be recorded on the balance sheet prior to recording depreciation expense

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Salvia Company recently purchased a truck. The price negotiated with the dealer was $42,500. Salvia...
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