Trentham Transport purchases a new delivery truck for $80,000. The stamp...
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Trentham Transport purchases a new delivery truck for $80,000. The stamp and transfer duty is $3,000. The logo of the company is painted on the side of the truck for $500. The truck registration is $700 and a 12 month accident insurance policy is $1100. The truck undergoes safety testing for $330. What does Trentham Transport record as the cost of the new truck? $83,830 $85,630 $80,000 $83,000
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