Concord Corporation 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	$142000	$240000
Accumulated depreciation	56800	- 0 -
Annual operating costs	190000	167000

If the old equipment is replaced now, it can be sold for $80000. Both the old equipments remaining useful life and the new equipments useful life is 5 years. The company uses straight-line depreciation with a zero salvage value for all of its assets. The net advantage (disadvantage) of replacing the old equipment with the new equipment is

$240000

$(45000)

$(98000)

$48000