overe next 4 years

UIT Upulley is Lunstuering the purchase of a new lens grinder to replace a machine tha purchased several years ago. Selected information on the two machines is given below: New Machine $90,000 Original cost when new Accumulated depreciation to date Current salvage value Annual operating cost Remaining useful life Old Machine $80,000 $20,000 $26,000 $5,000 $3,000 4 years 4 years Required: Compute the total advantage or disadvantage of using the new machine instead of the old machine over the Assume that neither machine will have any salvage value at the end of four years