Additional Brief Exercise 175 Elmdale Company has a machine that affixes labels to bottles. The machine has a book value of $80,000 and a remaining useful life of 3 years and no salvage value. A new, mare efficient machine is available at a cost of $300,000 that will have a 5-year useful Ilife with no salvage value. The new machine will lower annual variable production costs from $520,000 to $410,00o. Prepare an analysis showlng whether the old machine should be retained or replaced. (Enter negative amounts using elther a negative sign preceding the number a.g. -45 or parentheses e.g. (45).) Replace EqulpmentNet Income Change