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Rory Company has a machine with a book value of $119,000 and a remaining five-year useful life. A new machine is available at a cost

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Rory Company has a machine with a book value of $119,000 and a remaining five-year useful life. A new machine is available at a cost of $122.000, and Rory can also receive $73,000 for trading in its old machine. The new machine will reduce variable manufacturing costs by $20,000 per year over its five-year useful life. Calculate the incremental income (Any losses or outflows should be entered with a minus sign.) Incremental Income From Replacing Machine Incremental income incremental coot) Yos

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