Looking for expert tutor in "Managerial Accounting", who can help me to answer details below!

Question 1 1 pts Michael Trencher, a concrete layer, bought his current cement mixer two years ago for $9000, and it has one more year of life remaining. He is using straight-line depreciation for the mixer. He could purchase a new mixer for $1900, but it would only last one year. Michael knows that the new mixer would save him $2600 in annual operating expenses compared to the existing one. Consequently, he has decided against buying the new mixer. since doing so would result in a loss of $400 over the next year. Required: 1. Explain how Michael arrived at a $400 loss for the next year if the new cement mixer were purchased? 2. Evaluate Michael's analysis and decision. 3. Prepare a correct analysis of the decision. Edit View Insert Format Tools Table 12ptv Paragraphv B I U Av v Tzv 69v .v [313v .v 'yv Ev Ev "== 1'0 EV J; 0 ll