If you are thinking about repacing your old car with a new car so you can save on operating costs, which of the following items (all related to the transaction) would not be considered in your decision?

Multiple Choice

• Purchase price of the new car.

• Purchase price of the old car.

• Savings in operating costs resulting from the new car.

• Cash received from selling the old car.

• All of the above would be considered in the decision.