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One of the employees of Davenport Corporation recently was involved in an accident with one...

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Accounting

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One of the employees of Davenport Corporation recently was involved in an accident with one of the corporation's delivery vans. The corporation is either going to repair the damaged van or sell it as is and buy a comparable used van Information related to this decision is provided below Initial cost of the damaged van Accumulated depreciation to date on van Salvage value of van immediately before crash Salvage value of van immediately after crash Cost to repair damaged van Cost of a comparable used van $30,000 $18,000 $ 9,000 $ 1,000 $ 5,000 $10,000 Based on the information above. Davenport would be financially better off: Multiple Choice $1,000 by buying the comparable van. O $2,000 by buying the comparable van O $2.000 by repairing the damaged van. O () $4.000 by repairing the damaged van

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