Rachel Wilson owns Campus Copies. a copy business with several high-speed copy machines One is a colour copier that was purchased just last year at a cost of 226.000. Recently a salesperson get Rache to witness a demo of a new 24.000 colour copier that promises higher speed and more accurate colour representation Rachel is interested but she can't get herself to trade in a perfectly good copier for which she paid 226.000 and replace it with one that will cost 24.000 Write a paragraph explaining why the cost of the old copier is irrelevant to Rachel's decision

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Rachel Wilson owns Campus Copies. a copy business with several high-speed copy machines One is a colour copier that
was purchased just last year at a cost of 226.000. Recently a salesperson get Rache to witness a demo of a new 24.000
colour copier that promises higher speed and more accurate colour representation Rachel is interested but she can't get
herself to trade in a perfectly good copier for which she paid 226.000 and replace it with one that will cost 24.000 Write a
paragraph explaining why the cost of the old copier is irrelevant to Rachel's decision
Transcribed Image Text:Rachel Wilson owns Campus Copies. a copy business with several high-speed copy machines One is a colour copier that was purchased just last year at a cost of 226.000. Recently a salesperson get Rache to witness a demo of a new 24.000 colour copier that promises higher speed and more accurate colour representation Rachel is interested but she can't get herself to trade in a perfectly good copier for which she paid 226.000 and replace it with one that will cost 24.000 Write a paragraph explaining why the cost of the old copier is irrelevant to Rachel's decision
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