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Current Attempt in Progress The law firm of Crane and Shamrock relies heavily on a colour laser printer to process its paperwork. Recently the

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Current Attempt in Progress The law firm of Crane and Shamrock relies heavily on a colour laser printer to process its paperwork. Recently the printer has not functioned well and print jobs were not being processed. A major overhaul costing $10.600 would make the current printer work properly for the balance of its useful life. Management is considering updating the printer with a faster model Current Printer New Model Original purchase cost $31.600 $23.400 Accumulated depreciation 18.700 Estimated operating costs (annual) 3,100 2,100 Useful life 4 years 4 years If sold now, the current printer would have a salvage value of $4,200. If operated for the remainder of its useful life, the current printer would have zero salvage value. The new printer is expected to have zero salvage value after 4 years. Prepare an analysis to show whether the company should retain or replace the printer. (If an amount reduces the net income then enter with a negative sign preceding the number, es-15,000 or parenthesis, eg. (15.000).)

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