On January 2, 2014, York Corp. replaced its boiler with a more efficient one. The following information was available on that date: 
The old boiler was sold for $4,000. What amount should York capitalize as the cost of the new boiler?
Definitions:
Jeremy Bentham
A British philosopher, jurist, and social reformer in the 18th century, known as the founder of modern utilitarianism.
Marginal Utility
The further happiness or usefulness a person gets from consuming an additional unit of a product or service.
Total Utility
The total satisfaction received from consuming a particular quantity of goods or services.
Star Wars
A popular science fiction franchise created by George Lucas, comprised of movies, books, comics, and more.
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