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  3. a company purchases a new delivery truck for $55,0

A company purchases a new delivery truck for $55,000. The sales taxes are $4,000. The...

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Accounting

A company purchases a new delivery truck for $55,000. The sales taxes are $4,000. The logo of the company is painted on the side of the truck for $1,600. The truck license is $160. The truck undergoes safety testing for $290. What does the company record as the cost of the new truck?

  1. $61,050
  2. $60,890
  3. $59,000
  4. $60,600

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