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The law firm of Cullumber and Ivanhoe relies heavily on a colour laser printer to process its paperwork Recently the printer has not functioned well
The law firm of Cullumber and Ivanhoe 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 \\$13,200 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 \\( \\$ 3,100 \\). 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 5 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 negutive sign precoding the number, es - 15,000 or parenthesis, es \\( (15,000) \\) )
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