show all calculations and procedure

Question 7 The law firm of Matadinand Howe relies heavily on a colour laser printer to process the paperwork. Recently the printer has not functioned well and print jobs were not being proced updating the printer with a faster model e ment is consider New Model $25,300 Original purchase cost Accumulated depreciation Estimated operating costs (annual) Useful life Current Printer $31,000 18.800 3,000 4 years 1,900 If sold now, the current printer would have a salvage value of $4,100. If operated for the remainder of the corrent printer would have salvage value after 4 years. Prepare an analysis to show whether the company should retain or replace the printer an amount reduces the income the enter with a parenthesis, e.g. (15,000).) the new speed to be utive procede the Keep Printer Replace Printer Net Income Increase (Decrease) Period of 4 years Variable costs Salvage value New machine cost The company should