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Ryan, IncPurchased a Delivery Truck with a $48,000 List Price

Question 78

Multiple Choice

Ryan, Inc.purchased a delivery truck with a $48,000 list price.The company was given a $4,800 cash discount by the dealer and paid $2,400 sales tax.Annual insurance on the truck is $1,200.As a result of the purchase, by how much will Ryan, Inc.increase its truck account?


A) $48,000
B) $43,200
C) $46,800
D) $45,600

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