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An corporate employee was involved in an accident with one of the company's delivery trucks. The company is either going to repair the damaged truck
An corporate employee was involved in an accident with one of the company's delivery trucks. The company is either going to repair the damaged truck or sell it as is and buy a comparable used truck. This information has been provided Initial cost of the damaged truck Accumulated depreciation to date on truck Salvage value of truck immediately before crash Salvage value of truck immediately after crash Cost to repair damaged truck Cost of a comparable used truck $ 30,000 $ 18,000 $ 9,000 $ 1,000 $ 5,000 $ 10,000 The company would be better off by: Multiple Choice $1,000 by buying the used truck $2,000 by buying the used truck $2,000 by repairing the old truck $4.000 by repairing the old truck
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