Norman Geological Surveys purchased a truck and incurred the following costs:

  • Dealer List Price: $23,410 (excluding sales tax)
  • Dealer Preparation Fee that is waived by dealer: $500
  • Sales Tax:  $1568
  • Motor Vehicles Licensing Fee for 2 years: $340
  • Insurance on Truck for first year: $1925
  • Cost of affixing customized company logo and name on Truck: $275

What is the cost of the truck that Norman will record on its books?

$