Question 1 (10 Marks) Core Company is considering the purchase of a new machine to replace a machine that was purchased several years ago. Selected information on the two machines is given below: Old Machine New Machine Original cost when new $80,000 $90,000 Accumulated depreciation to $20,000 date Current salvage value $26,000 Annual operating cost $5,000 $3,000 Remaining useful life 4 years 4 years Required: Calculate the net advantage or disadvantage to the company if they choose to replace the old machine with the new. Assume that neither machine will have any salvage value at the end of four years. You must show all your calculations