A truck costing 25000 and uninsured was wrecked the very

Reference no: EM13391145

A truck, costing $25,000 and uninsured, was wrecked the very first day it was used. It can either be disposed of for $5,000 cash and be replaced with a similar truck costing $27,000, or rebuilt for $20,000 and be brand new as far as operating characteristics and looks are concerned. The best choice provides a net savings of:

$2,000.

$5,000.

$7,000.

$12,000.

Reference no: EM13391145

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