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A truck, costing $55,000 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 $55,000 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 $57,000 or rebuilt for $45,000 and be "new" as far as operating characteristics and looks are concerned. The net relevant cost of the replacing option is:

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