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Hodge Co. has a crone with a book value of $254.000 and a 4-year remaining life. A new crane is available at a cost of

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Hodge Co. has a crone with a book value of $254.000 and a 4-year remaining life. A new crane is available at a cost of $629,000. Hodge can also receive $49.400 for trading in the old crane. The new crane will reduce variable costs by $147,500 per year over its four-year life. The total impact to Hodge Co over the crane's four-year life is: Multiple Choice Increase of $23.000 Decrease of $629.000 increase of $10,400 Decrease of $49.400. Decrease of $10.400

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