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One of the employees of Washington Corporation recently was involved in an accident with one of the corporation's delivery vans. The corporation is either going
One of the employees of Washington Corporation recently was involved in an accident with one of the corporation's delivery vans. The corporation is either going to repair the damaged van or sell it as is and buy a comparable used van. Information related to this decision is provided below: Initial cost of the damaged van Accumulated depreciation to date on van Salvage value of van immediately before crash Salvage value of van immediately after crash Cost to repair damaged van .......... Cost of a comparable used van $30,000 $18,000 $9,000 $1,000 $5,000 $10,000 Based on the information above, Washington would be financially better off $12,000 by buying the comparable van. $5,000 by repairing the damaged van. $4.000 by repairing the damaged van. $1.000 by buying the comparable van. $2,000 by repairing the damaged van. $2,000 by buying the comparable van
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