. You are an architect working for Klempville Construction Company and currently you are inspecting work...

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. You are an architect working for Klempville Construction Company and currently you are inspecting work done by a construction crew at Greater Wombat Falls. You were driving a leased truck; it is a 2020 Chevy Tahoe. It was leased from Trucks-R-Us Rentals. Three days ago, while you were driving, the truck slid on gravel and rolled down a steep embankment. Fortunately, apart from bruises, no one was badly injured; the truck, however, sustained severe damage. The lease started five months ago on the 5th of the month. The lease costs $1135 per month. Your company declined the rental agency's insurance coverage, preferring to use its own insurer, Horizon Insurers Ltd. On taking out the lease, the purchasing agent initialed the entry on the lease form that says, "lessee accepts responsibility for full replacement value of any loss." This is your company's regular policy for any vehicle lease or rental agreement. Trucks-R-Us Rentals listed their purchase value of the truck as $62,500, which is the full replacement value. Today, Heinrich Weldon of Horizon Insurers examined the truck with you. "It's a write off," he said and turned to his computer. "The replacement value for a 2020 Chevy Tahoe is $58,300. We will send a check for that amount to Klempville Construction. There is a difference between the amount your company will receive and the amount your company will have to pay for the loss of the truck. Write a 2-4 page incident report to the chief accountant of your company to inform her of the problem; her name is Faye Smith. Propose that the accountant should negotiate a settlement difference between your company and Trucks-R-Us Rentals. . You are an architect working for Klempville Construction Company and currently you are inspecting work done by a construction crew at Greater Wombat Falls. You were driving a leased truck; it is a 2020 Chevy Tahoe. It was leased from Trucks-R-Us Rentals. Three days ago, while you were driving, the truck slid on gravel and rolled down a steep embankment. Fortunately, apart from bruises, no one was badly injured; the truck, however, sustained severe damage. The lease started five months ago on the 5th of the month. The lease costs $1135 per month. Your company declined the rental agency's insurance coverage, preferring to use its own insurer, Horizon Insurers Ltd. On taking out the lease, the purchasing agent initialed the entry on the lease form that says, "lessee accepts responsibility for full replacement value of any loss." This is your company's regular policy for any vehicle lease or rental agreement. Trucks-R-Us Rentals listed their purchase value of the truck as $62,500, which is the full replacement value. Today, Heinrich Weldon of Horizon Insurers examined the truck with you. "It's a write off," he said and turned to his computer. "The replacement value for a 2020 Chevy Tahoe is $58,300. We will send a check for that amount to Klempville Construction. There is a difference between the amount your company will receive and the amount your company will have to pay for the loss of the truck. Write a 2-4 page incident report to the chief accountant of your company to inform her of the problem; her name is Faye Smith. Propose that the accountant should negotiate a settlement difference between your company and Trucks-R-Us Rentals.