Required Information [The following information applies to the questions displayed below.] Each of the following situations is independent: Asset Replacement An uninsured boat costing $90,000 was wrecked the first day it was used. It can be either sold as-is for $9,000 cash and replaced with a similar boat costing $92,000 or rebulit for $75,000 and be brand new as far as operating characteristics and ooks are concerned: Requlred: What is the difference in cost between the two options