Gino's Pizzeria Bought a New Delivery Van Last Year for $10,000

Multiple Choice

Gino's Pizzeria bought a new delivery van last year for $10,000. It can now sell the van for $8,500. To buy this year's model of the same van, Gino would have to pay $11,000. What is the implicit opportunity cost of capital (assuming there is no interest to pay) ?

A) $2,500
B) $3,500
C) $1,000
D) $1,500