Sheridan Company is contemplating the replacement of an old machine with a new one. The following information has been gathered: Old Machine New Machine Price $240000 $480000 Accumulated Depreciation 72000 -0- Remaining useful life 10 years Useful life -0- 10 years Annual operating costs $195000 $144000 If the old machine is replaced, it can be sold for $19200. The company uses straight-line depreciation with a zero salvage value for all of its assets. The net advantage (disadvantage) of replacing the old machine is -0- O $(4800) $49200 $(48000) $19500 Click if you would like to Show Work for this question Open Show Work