Arnold Company purchases a new delivery truck for $45000. The sales taxes are $2500. The logo of the company is painted on the side of the truck for $1200. The truck's annual license is $120. The truck undergoes safety testing for $220. What does Arnold record as the cost of the new truck?
a) $47500.
b) $48920.
c) $46920.
d) $49040.
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