Salvia Company recently purchased a truck. The price negotiated with the dealer was $40,500. Salvia also paid sales tax of $2,100 on the purchase, shipping and preparation costs of $3,100, and insurance for the first year of operation of $4,100. At what amount should the truck be recorded on the balance sheet prior to recording depreciation expense?
Multiple Choice
$40,500.
$42,600.
$43,600.
$45,700.