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A truck, costing $103,500 and uninsured, is wrecked its first day in use. It can...

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Accounting

A truck, costing $103,500 and uninsured, is wrecked its first day in use. It can be either (a) disposed of for $16,500 cash and replaced with a similar truck costing $102,000 or (b) rebuilt for $84,000, and thus be brand-new as far as operating characteristics and looks are concerned. Which action is less costly? Show your calculations.

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