Hamilton Company is considering replacing old equipment with new equipment Bothpieces of equipment are expected to have a remanget of 4 years. The cost of operating each piece of equipment over four year life is surmanced below Old Equipment Original cost Original expected salvage value Current market value Current expected salvage value Depreciation expenses (15,750 x 4) Other operating expenses (20,000 4) 595,000 15,000 60,000 5,000 55,000 30,000 New Equipment Purchase price $70,000 Expected salvage value 12,000 Depreciation Expenses (514,500 x 4) 58.000 Other Operating Expenses (521,000 4) 84,000 Based on this information. Hamiton should Multiple Choice acquire the new element because it has the relevant retain the existing equipment because the lower relevant cost O acquire the new pancut is newer and has a longer Hamilton Company is considering replacing old equipment with new equipment Bothpieces of equipment are expected to have a remanget of 4 years. The cost of operating each piece of equipment over four year life is surmanced below Old Equipment Original cost Original expected salvage value Current market value Current expected salvage value Depreciation expenses (15,750 x 4) Other operating expenses (20,000 4) 595,000 15,000 60,000 5,000 55,000 30,000 New Equipment Purchase price $70,000 Expected salvage value 12,000 Depreciation Expenses (514,500 x 4) 58.000 Other Operating Expenses (521,000 4) 84,000 Based on this information. Hamiton should Multiple Choice acquire the new element because it has the relevant retain the existing equipment because the lower relevant cost O acquire the new pancut is newer and has a longer