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A boat, costing $102,000 and uninsured, was wrecked the very first day it was used. This boat can either be disposed for $11,000 cash and

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A boat, costing $102,000 and uninsured, was wrecked the very first day it was used. This boat can either be disposed for $11,000 cash and be replaced with a similar boat costing $105,000, or rebuilt for $92,000 and be brand new as far as operating characteristics and looks are concerned. A relevant cost analysis of the decision to replace the boat shows: Multiple Choice A cost equivalence between the two decision options. An $11.000 net advantage associated with the decision to fix the old boat. O A $2,000 cost advantage associated with the decision to fix the old boot. A $2,000 cost advantage associated with the decision to fix the old boat. A $21,000 cost advantage associated with the decision to fix the old boat. A $4,000 cost advantage associated with the decision to purchase a new boat

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