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Bryant Company has a factory machine with a book value of $88, 100 and a remaining useful life of 7 years. It can be sold

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Bryant Company has a factory machine with a book value of $88, 100 and a remaining useful life of 7 years. It can be sold for $33, 800. A new machine is available at a cost of $510, 700. This machine will have a 7-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $576, 600 to $470, 500. Prepare an analysis showing whether the old machine should be retained or replaced

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