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A truck, costing $25,000 and uninsured, was wrecked the very first day it was used. It can either be disposed for $5,000 cash and replaced
A truck, costing $25,000 and uninsured, was wrecked the very first day it was used. It can either be disposed for $5,000 cash and replaced with a similar truck costing $24,000, or it can be rebuilt for $18,000 and be brand new as far as operating characteristics and looks are concerned. The preferred decision alternative provides a net cost savings of: Multiple Choice $1,000. $11,000 Some amount other than these choices. $4,000 $6,000
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