4 of 30 View Policies Current Attempt in Progress -/5 E! Crane Company 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 $115000 $192000 Accumulated 46000 -0- depreciation Annual operating 153000 123000 costs If the old equipment is replaced now, it can be sold for $31000. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years. What is the net cost of the new equipment? $77000 O $192000 O $162000 $38000