LA Company has a machine that affixes labels to bottles. The machine has a book value of $$80,000$ and a remaining useful life of $3$ years and no salvage value. The old machine cannot be sold if they purchase the new machine as there currently is no market for it$.$ A new, more efficient machine is available at a cost of $$300,000$ that will have a $3-$year useful life with no salvage value. The new machine will lower annual variable production costs from $$520,000$ to $$410,000.$What are the total production costs for the remaining life of the existing machine?Is there a net savings$/$loss if LA decides to replace the machine with a new one?What is the incremental difference $($saving or loss$)$in costs between retaining the existing machine vs$.$ buying a new machine?Would you recommend LA replace the equipment?