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in this series of videos weve been talking about relevant costs for decision making and now were going to work through five problems and the problems are all linked below this video so if you click the link at the bottom theres a dropbox link you can have the problems you can work on them on your own um but lets go through them the first type of decision and these decisions theyre theyre common in accounting uh textbooks and so they even have titles like this is a uh replace old equipment decision so keep or replace is the way i would describe this and you might even see it called that in the textbook keep or replace and so the the decision were going to be making here is whether we keep an old piece of equipment or replace it with a new one and were going to analyze the relevant costs of doing both of those things so lets read through the question david smith or drives and owns his own taxi cab its interesting the taxi industry a lot of people own their own cab sometimes the
