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(30 points) The city council of Morristown is considering the purchase of one new fire...

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Accounting

(30 points) The city council of Morristown is considering the purchase of one new fire truck. The options are Truck X and Truck Y The purchase is to be financed by money borrowed at 10% per year. Which fire truck should be purchased? The appropriate financial data are as follows Truck X Truck Y Capital Investment Maintenance cost per year $53000 $5000 $60000 $5500 Useful Me 5 years 5 years Reduction in fre damage per $10000 $20000 Your answer: Thuck X Truck Y Neither Truck X nor Truck Y Clear

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