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Crane Company has a machine that affixes labels to bottles. The machine has a bookvalue of $83,200 and aremaining usefullife of 3 years and no
Crane Company has a machine that affixes labels to bottles. The machine has a bookvalue of $83,200 and aremaining usefullife of 3 years and no salvage value. A new more efficient machine is available at a cost of $312.000 that wilhave a 3. year usefullife with no salvage value. The newmach ne willower annual variableproduction costs from $540,800 to $426.400. Prepare an analysis showing whether the old machine should be retained or replaced (Enter nedative amants asing either a nesathesign preceding the number 2.45 or parentheseses (45))
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