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Biossom Company has a factory machine with a book value of $166.000 and a remaining useful life of 5 years. A new machine is avaliable

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Biossom Company has a factory machine with a book value of $166.000 and a remaining useful life of 5 years. A new machine is avaliable at a cost of $253,000. This machine will have a 5 -year usefullife with no salvage value. The new machine will lower annual variable manulacturing costs from $595,000 to $497,000. Prepare an analysis that shows whether Blossom should retain or replace the old machine. Iff an amount reduces the net income then enter with a negative sign preceding the number or parentheis, es 15,000(15,000))

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