The managers at Wilma Manufacturing are considering replacing a printing press with a new, high-speed model.

Required: Prepare a relevant cost schedule showing the benefit of keeping the old printing press or buying the new one.

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Information about the old printing press: Cost Estimated useful life Estimated residual value Annual depreciation Current age Accumulated depreciation to date Estimated current fair value Annual contribution margin $255,000 10 years $25,000 $23,000 3 years $69,000 $150,000 $110,000