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A machine purchased three years ago for $315,000 has a current book value using straight line depreciation of $190.000, its operating expenses are $34,000 per year. A replacement machine would cost $232,000, have a useful life of ten years, and would require $12,000 per year in operating expenses. It has an expected salvage value of $63,000 after ten years. The current disposal value of the old machine is $75,000; if it is kept 10 more years, its residual value would be $18,000 Required Calculate the total costs in keeping the old machine and purchase a new machine Should the old machine be replaced? Purchase New Machine Keep Old Machine Total costs Should the old machine be replaced? Yes Carmen's Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $650,000. in December Because Carmen's Dress Delivery is in the mail-order business, all sales are made on account. The company expects a 26 percent drop in sales for January. The balance in the Accounts Receivable account on December 31 was $96.400 and is budgeted to be $71.900 as of January 31 Required a. Determine the amount of cash Carmen's Dress Delivery expects to collect from accounts receivable during January Expected cash collection