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Question 1 3 pts Chung Inc. is considering the replacement of a piece of equipment...

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Accounting

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Question 1 3 pts Chung Inc. is considering the replacement of a piece of equipment with a newer model. The following data has been collected: Old Equipment New Equipment Purchase price $225,000 $375,000 Accumulated depreciation 90,000 Annual operating costs 300.000 240,000 If the old equipment is replaced now. It can be sold for $60,000. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years. The net advantage (disadvantage) of replacing the old equipment with the new equipment is: -0- $175,000) O $60,000 $90,000 $(15000)

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