Answer:
a. $3,000 to have the vehicle restored
Explanation:
The computation of the financially better off amount is shown below:
= Sale value of the car after restored - restoration cost - sale value without any restoration cost
= $22,000 - $9,000 - $10,000
= $3,000
We simply deduct the restoration cost and the sales value without considering the restoration cost in the restoration sales value
All other information which is given is not relevant. Hence, ignored it
