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Sheridan company purchases a new delivery truck for $54400. the sales taxes are $4100. the logo of the company is painted on the side of the truck for $1900. the truck license is $170. the truck undergoes safety testing for $320. what does sheridan record as the cost of the new truck?

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$54,100 + $4,100 + $1,900 + $170 + $320 = $60,590

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