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Replacement decision Should an existing machine be replaced

Replacement decision Existing machine: Cost of existing machine Accumulated depreciation Book value Proceeds from sales of an Existing machine Remaining useful life Annual operating costs New machine: Acquisition price Salvage value Remaining useful life Annual operating costs $60,000 35 ooo 25,000 $ 5,000 5 years $18,000 $15,000 none 5 years $14,000 Should an existing machine be replaced?