Bonita Industries 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	$295000	$480000
Accumulated depreciation	118000	- 0 -
Annual operating costs	387000	303000

If the old equipment is replaced now, it can be sold for $79600. Both the old equipments remaining useful life and the new equipments useful life is 5 years. Which of the following amounts is irrelevant to the replacement decision?

$79600

$400400

$480000

$177000