Problem: Module 6 Textbook Problem 9 Learning Objective: 6-5 Make appropriate asset rplcement decisions Fanning Freight Company owns a truck that cost $47,000. Currently, the truck's book value is $23,000, and its expected remaining useful life is five years. Fanning has the opportunity to purchase for $31,000 a replacement truck that is extremely fuel efficient. Fuel cost for the old truck is expected to be $6,900 per year more than fuel cost for the new truck. The old truck is paid for but, in spite of being in good condition, can be sold for only $15,000. Required Calculate the total relevant costs. Should Fanning replace the old truck with the new fuel-efficient model, or should it continue to use the old truck until it wears out