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You are considering the sale of your old stereo system. According to your records, you paid $500 for the stereo system. The current market value
You are considering the sale of your old stereo system. According to your records, you paid $500 for the stereo system. The current market value of the stereo is $150. A new stereo of the same make and model could be purchase today for $375. Which of these figures is relevant to your decision to sell or keep the stereo system? If any figures are not relevant, explain why?
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