Question: A truck costing $ 100,000 and uninsured is wrecked its first day in use. It can be either (a) disposed of for $ 10,00 cash

A truck costing $ 100,000 and uninsured is wrecked its first day in use. It can be either (a) disposed of for $ 10,00 cash and replaced with a similar truck costing $ 102,000 or (2) rebuilt for $ 85,000 and thus be brand new as far as operating characteristics and looks are concerned. What should be done and why?

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