(Solved): Stuart Freight Compony owns a truck that cost \( \$ 33,000 \). Currently, the truck's book value i ...

Stuart Freight Compony owns a truck that cost \( \$ 33,000 \). Currently, the truck's book value is \( \$ 28,000 \), and its expected remaining useful life is four years. Stusrt has the opportunity to purchase for \( \$ 28,000 \) a replacement truck that is extremely fuel efficient. Fuel cost for the old truck is expected to be \( \$ 5,700 \) per year more than fuel cost for the new truck. The old truck is poid for but, in spite of being in good condition, can be sold for only \( \$ 18,000 \). Required Calculate the totel relevsnt costs. Should Stusrt replsce the old truck with the new fuel-efficient model, or should it continue to use the old truck until it wears out?