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One of your employees recently was involved in an accident with the company delivery van. You can either repair the damaged van or sell it

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One of your employees recently was involved in an accident with the company delivery van. You can either repair the damaged van or sell it as is and buy a comparable used van. Below is the information related to this decision: Initial cost of the damaged van Accumulated depreciation on the van $30,000 $18,000 Salvage value of the van before the crash $ 9,000 Salvage value of the van now $ 1,000 Cost to repair damaged van $5,000 Cost of a comparable used van $10,000 Required: What will you do (repair or replace) and why (what is the $ benefit of doing this)

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