A company incurred the following costs for a new delivery truck: Purchase price $110,000 Sales tax 7,000 Delivery charge from seller's location 1,600 Special racks for storage 3,000 Normal repairs to the truck before it was used for the first time 1,100 Signs painted on the truck 2,000 Insurance on truck before it was used for the first time 3,000 What is the cost of the delivery truck
