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Sheridan Company is contemplating the replacement of an old machine with a new one. The following information has been gathered: Price Accumulated Depreciation Remaining useful
Sheridan Company is contemplating the replacement of an old machine with a new one. The following information has been gathered: Price Accumulated Depreciation Remaining useful life Useful life Annual operating costs Old Machine New Machine O $27000 $(5900) $(59000) $128000 $330000 90000 10 years -0- $270000 $590000 -0- -0- 10 years $200600 If the old machine is replaced, it can be sold for $24000. The net advantage (disadvantage) of replacing the old machine is
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