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Concord Corporation is contemplating the replacement of an old machine with a new one. The...

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Accounting

Concord Corporation is contemplating the replacement of an old machine with a new one. The following information has been gathered: Old Machine New Machine Price $286000 $586000 Accumulated Depreciation 85800 -0- Remaining useful life 10 years -0- Useful life -0- 10 years Annual operating costs $228800 $168800 If the old machine is replaced, it can be sold for $24000. The company uses straight-line depreciation with a zero salvage value for all of its assets. The net advantage (disadvantage) of replacing the old machine is $(5860) $(58600) $38000 $22880

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