sold for $33,500. A new machine is available at a with no salvage value. The new machine will lower annual variable manufacturing costs from $623,300 to Brief Exercise 21-7 Bryant Company has a factory machine with a book value of $86,300 and a remaining useful life of 7 years. It can be cost of $359,000. This machine will have a 7-year useful life 461,800. Prepare an analysis showing whether the old machine should be retalned or replaced. (In the first two columns, enter amounts, and any amounts recelved as negative amounts. In the third column, enter net Income Increases as positive amounts and decreases as negative amounts. Enter negative amounts using elther a negative sign preceding the number e-g. -15 or parentheses e.g. (15).) Net Income Retaln Equipment Replace Equipment variable manufacturing costs New machine cost Sell old machine Total The old factory machine should be