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  3. a truck, costing $25,000 and uninsured, was wrecke

A truck, costing $25,000 and uninsured, was wrecked the very first day it was used....

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Accounting

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 net relevant cost of the replacing option is: (Points : 2)

$5,000. $20,000. $22,000. $25,000.

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