Relevant Cost Computation.

You are the owner of a home with a two-car garage, and you are a bargain hunter who has made some excellent buys on automobiles. However, your home has a garage that will hold only two automobiles or one auto plus a boat.

The following data show the original cost and the current sales prices of your two autos and boat. There is a well developed market for used automobiles and boats in your city, so it is easy to sell or acquire automobiles or boats identical to yours at the market value given.

Cost Market Value Lincoln Continental ............ $ 4,000 $ 9,000 Chevrolete: 2) SeneuyS/no 15,000 16,500 SpéediKing Boaths. weere,fi le. 20,000 5,000 A hailstorm with baseball-size hail is rapidly approaching your home, and you have three minutes to decide what to leave outside in the hail. What will you do? Give a cost justification for your answer.