Crane Company 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	$115000		$192000
Accumulated depreciation	46000		- 0 -
Annual operating costs	153000		123000

If the old equipment is replaced now, it can be sold for $31000. Both the old equipments remaining useful life and the new equipments useful life is 5 years. Which of the following amounts is irrelevant to the replacement decision?

$69000

$161000

$31000

$192000