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Tesla management are trying to decide whether to keep an older piece of machinery or...

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Accounting

Tesla management are trying to decide whether to keep an older piece of machinery or buy a replacement. Management was presented with the following information to assist in their decision:
A machine purchased three years ago for $305,000 has a current book value using straight-line depreciation of $185,000; its operating expenses are $30,000 per year. A replacement machine would cost $233,000, have a useful life of ten years, and would require $10,000 per year in operating expenses. It has an expected salvage value of $77,000 after ten years. The current disposal value of the old machine is $87,000; if it is kept ten more years, its residual value would be $12,000.
Required
Calculate the total costs in keeping the old machine and purchase a new machine. Should the old machine be replaced?
Answer is complete but not entirely correct.
\table[[,,\table[[Seep Old],[Machine]],\table[[Purchase],[New Machine]]],[Total costs,$,495,000,256,000],[\table[[Should the old machine],[replaced?]],,,Yes O?
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