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The law firm of Crane and Shamrock relies heavily on a colour laser printer to process its paperwork. Recently the printer has not functioned well
The law firm of Crane and Shamrock relies heavily on a colour laser printer to process its paperwork. Recently the printer has not functioned well and print jobs were not being processed. A major overhaul costing \\( \\$ 10,600 \\) would make the current printer work properly for the balance of its useful life. Management is considering updating the printer with a faster model. If sold now, the current printer would have a salvage value of \\( \\$ 4,200 \\). If operated for the remainder of its useful life, the current printer would have zero salvage value. The new printer is expected to have zero salvage value after 4 years. Prepare an analysis to show whether the company should retain or replace the printer. (If an amount reduces the net income then enter with a negative sign preceding the number, e.g. \\( -15,000 \\) or parenthesis, e.g. \\( (15,000) \\).)
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