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Current Attempt in Progress Ivanhoe Company has a machine that affixes labels to...

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Accounting

Current Attempt in Progress
Ivanhoe Company has a machine that affixes labels to bottles. The machine has a book value of $86,400 and a remaining useful life of 3 years and no salvage value. A new, more efficient machine is available at a cost of $324,000 that will have a 3-year useful life with no salvage value. The new machine will lower annual variable production costs from $561,600 to $442,800.
Prepare an analysis showing whether the old machine should be retained or replaced. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).)
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