Check my work 5 Exercise 13-19A (Algo) Asset replacement decision LO 13-5 8 points Rundle Company is considering the replacement of some of its manufacturing equipment. Information regarding the existing equipment and the potential replacement equipment follows. eBook Existing Equipment Cost $118,000 Operating expenses* 101,000 Salvage value 29,000 Market value 44,000 Book value 32,000 Remaining useful life 9 years Replacement Equipment Cost $115,000 Operating expenses* 114,000 Salvage value 17,000 Useful life 9 years Print References *The amounts shown for operating expenses are the cumulative total of all such expected expenses to be incurred over the useful life of the equipment. Required Calculate the total relevant cost of existing equipment and the potential replacement equipment. Should the equipment be replaced? New Old Total cost Should the equipment be replaced? No