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Kari bought a new car three years ago. She paid $20,000. A similar new car today would cost $24.000. The car is 60% depreciated with

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Kari bought a new car three years ago. She paid $20,000. A similar new car today would cost $24.000. The car is 60% depreciated with a book value of $8,000. Kari could sell the car today for $14.000. She could buy a similar used car for $16.000, What is the current replacement cost of the car? $14,000 $16.000 $24.000

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