Chung Inc. 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 $225000 $375000 Accumulated depreciation 90000 -0- Annual operating costs 300000 240000 If the old equipment is replaced now, it can be sold for $60000. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years. The net advantage (disadvantage) of replacing the old equipment with the new equipment is $(15000) $90000* $(75000) $60000