Jewels is considering replacing equipment with a cost of $40,000, accumulated depreciation of 30,000, and a 2 year remaining useful life. The new equipment has a cost of $52,000 and a useful life of 6 years. The seller has offered a trade-in allowance of $17.500. The new equipment is much more efficient Jewels projects cost savings of $20,000 per year if the new equipment is purchased. Which of the following is not relevant in deciding whether to retain or replace equipment? Trade in allowance on existing equipment b. Book value of existing equipment Cost of new equipment The cost savings