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Chattanooga Co. is contemplating the replacement of an old machine with a new one. The following information has been gathered: Price Accumulated Depreciation Remaining useful

Chattanooga Co. is contemplating the replacement of an old machine with a new one. The following information has been gathered: Price Accumulated Depreciation Remaining useful life Useful life Annual operating costs Old Machine $333,666 99,333 10 years -0- $242,787 New Machine $604,563 -0- -0- 10 years $184,594 the old machine is replaced, it can be sold for $25,677

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