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Ten years ago, your company purchased a power rolling machine to use on projects that...

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Accounting

Ten years ago, your company purchased a power rolling machine to use on projects that required custom metal work. After your craftsperson completed forming the first parabolic leg for the dining table, she comes to tell you that the one of the rollers broke on the machine. The company quoted you a price of $350 to fix the machine, but suggested you purchase a new machine and sell the old. If your company originally purchased the machine for $1,090 and your accountant depreciated the value of the machine at 7.5% per year, is it worth selling the old and buying the new?

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