Concord Corporation is contemplating the replacement of an old machine with a new one. The following information has been gathered:

Old Machine New Machine

Price $314000 $614000

Accumulated Depreciation 94200 -0-

Remaining useful life 10 years -0-

Useful life -0- 10 years

Annual operating costs $251200 $191200

If the old machine is replaced, it can be sold for $24000. The company uses straight-line depreciation with a zero salvage value for all of its assets.

The net advantage (disadvantage) of replacing the old machine is

$(6140)

$10000

$25120

$(61400)