Crane Company is considering the replacement of a piece of equipment with a newer model. The following data has been collected: Purchase price Accumulated depreciation Annual operating costs Old Equipment $220000 O $(15000) $90000 O $60000 O $(80000) 90000 300000 New Equipment $375000 -0- 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

Crane Company is considering the replacement of a piece of equipment with a newer model. The following data has been collected: If the old equipment is replaced now, it can be sold for $60000. Both the old equipment's remaininguseful ffe and the new equipment's usefullife is 5 years The net advantage (disadvantage) of replacing the old equipment with the new equipment is: $(15000)$90000$60000$(80000)