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A truck, costing $20,000 and uninsured, was wrecked the very first day it was used. The truck can either be disposed for $5,000 cash
A truck, costing $20,000 and uninsured, was wrecked the very first day it was used. The truck can either be disposed for $5,000 cash and replaced with a similar truck costing $31,000, or rebuilt for $25,000 and be "new" as far as operating characteristics and looks are concerned. The net relevant cost of the replacing option is: Multiple Choice $9,000. $24,000 $26,000 $29,000 $31,000.
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