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Bilboa Freightlines, S . A . , of Panama, has a small truck that it uses for intracity deliveries. The truck is worn out and

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Bilboa Freightlines, S.A., of Panama, has a small truck that it uses for intracity deliveries. The truck is worn out and must be either overhauled or replaced with a new truck. The company has assembled the following information:
\table[[,Present,],[Purchase cost new,Truck,New Truck],[Remaining book value,$36,000,$46,000
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