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Question 2 In a replacement study, the correct value for the first cost of the challenger is: a) the cost when it is purchased. b)

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Question 2 In a replacement study, the correct value for the first cost of the challenger is: a) the cost when it is purchased. b) the first cost minus the trade-in value of the defender. c) its first cost plus the trade-in value of the defender. d) the book value of the defender

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