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Sheridan Comparry has a factory machine with a book value of ( $ 150,000 ) and a remaining useful life of 4 years. A new

image text in transcribed Sheridan Comparry has a factory machine with a book value of \\( \\$ 150,000 \\) and a remaining useful life of 4 years. A new machine is available at a cost of \\( \\$ 245,000 \\). This machine will have a 4-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from \\( \\$ 590,000 \\) to \\( \\$ 490,000 \\). Prepare an analysis that shows whether Sheridan should retain or replace the old machine. (If an amount reduces the net income then enter with a negutive sign preceding the number or parenthesis, eg. \\( -15,000,(15,000) \\). The old factory machine should be

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