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Martinelli Company Recently Purchased a Truck

Question 33

Multiple Choice

Martinelli Company recently purchased a truck.The price negotiated with the dealer was $85,000.Martinelli also paid sales tax of $6,000 on the purchase,shipping and preparation costs of $950,and insurance for the first year of operation of $2,000.For the truck,what amount should be debited to the asset account Vehicles?


A) $85,000
B) $85,950
C) $91,000
D) $91,950

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