FINANCIAL & MANAGERIAL (ACC 110/ 210 ractice Assignmeint Gradebook ORION Downloadable eTextbook gnment Johnson Enterprises uses a computer to handle Its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, pius every thirt Saturday, to keep up with the volume of sales invoices. Management is considering updating its computer with a faster model that would eliminate all of the overtime processing. CALCULATOR FULL SCREEN PRINTER VERSION 4BACK NEXT Current Machine $14,900 $6,600 $24,600 5 years New Machine Original purchase cost $25,200 Accumulated depreciation Estimated annual operating costs Remaining useful life $19,600 5 years If sold now, the current machine would have a salvage value of $10,200. If operated for the remainder of its useful life, the current machine would have zer salvage value. The new machine is expected to have zero salvage value after 5 years. Should the current machine be replaced? (In the first two columns, enter costs and expenses as positive amounts, and any amounts received as negative amounts. In the third column, enter net income increases as positive amounts and decreases as negative amounts. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net Income Increase Retain Machine Replace Machine(Decrease) Operating costs New machine cost Salvage value (old) Total 6:00