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The law firm of Wildhorse and Sheffield relies heavily on a colour laser printer to process its paperwork. Recently the printer has not unctioned well

image text in transcribedimage text in transcribed The law firm of Wildhorse and Sheffield relies heavily on a colour laser printer to process its paperwork. Recently the printer has not unctioned well and print jobs were not being processed. A major overhaul costing $10,200 would make the current printer work oroperly for the balance of its useful life. Management is considering updating the printer with a faster model. f sold now, the current printer would have a salvage value of $4,900. If operated for the remainder of its useful life, the current printer vould have zero salvage value. The new printer is expected to have zero salvage value after 5 years. If sold now, the current printer would have a salvage value of $4,900. 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 negative sign preceding the number, e.g. 15,000 or parenthesis, e.g. (15,000).)

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