Swifty Corporation is considering the replacement of a piece of equipment with a newer model. The following data has been collected:

Old Equipment New Equipment

Purchase price

Accumulated depreciation

Annual operating costs

If the old equipment is replaced now, it can be sold for $$700000.$ Both the old equipment's remaining useful life and the new

equipment's useful life is $4$ years. Both assets have a $$0$ end$-$of$-$life salvage value.

The net advantage $($disadvantage$)$ of replacing the old equipment with the new equipment is

$)$

$$102000.$

$$70000$

$)$