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Crane Compary is considering the replacement of a plece of equipment with a newer model. The following data has been collected: If the old equipment

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Crane Compary is considering the replacement of a plece of equipment with a newer model. The following data has been collected: If the old equipment is replaced now, it can be sold for $66100. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years. The increase (decrease) in net income over the 5 -year period that results from replacing the old equipment with the new equipment $96800 $66100 $(33900) $(78000)

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