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What is the difference in cost between the two options

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Question - Asset Replacement - An uninsured boat costing $106,000 was wrecked the first day it was used. It can be either sold as-is for $10,600 cash and replaced with a similar boat costing $108,000 or rebuilt for $91,000 and be brand new as far as operating characteristics and looks are concerned.

Required - What is the difference in cost between the two options?

Reference no: EM133053128

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