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urgent, thank you!! Exercise 10-10 Keep or replace LO P5 Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book

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Exercise 10-10 Keep or replace LO P5 Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $42,000 and a remaining useful life of four years, at which time its salvage value will be zero. It has a current market value of $52,000. Variable manufacturing costs are $33,400 per year for this machine, Information on two alternative replacement machines follows. Alternative Alternative $111,000 Variable manufacturing costs per year 23,000 10,800 Cost $121,000 Calculate the total change in net income if Alternative A, B is adopted. Should Xinhong keep or replace its manufacturing machine? If the machine should be replaced, which alternative new machine should Xinhong purchase? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Alternative A Alternative B Xinhong Purchase Calculate the total change in net income if Alternative A is adopted. (Cash outflows should be indicated by a minus sign) ALTERNATIVE A: INCREASE OR (DECREASE IN NET INCOME Cost to buy new machine $(121.000) Cash received to trade in old machine 52.000 Reduction in variable manufacturing costs 52.000 Total change in not incomo $ (17,000) Algmative B) Exercise 10-10 Keep or replace LO P5 Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $42.000 and a remaining useful life of four years, at which time its salvage value will be zero. It has a current market value of $52,000, Variable manufacturing costs are $33,400 per year for this machine Information on two alternative replacement machines follows. Cost Variable manufacturing conta per year Alternative $121,000 23,000 Alternative $111,000 10,800 Calculate the total change in net income if Alternative A, B is adopted. Should Xinhong keep or replace its manufacturing machine? If the machine should be replaced, which alternative new machine should Xinhong purchase? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Alternative A Alternative 8 Xinhong Purchase Calculate the total change in net income if Alternative B is adopted. (Cash outhows should be indicated by a minus sign.) ALTERNATIVE DE INCREASE OR (OUCREASE) IN NET INCOME Cost to buy now machine $:(111,000) 52.000 Reduction in variable manufacturing costs 22.000 Total change in net income 5 (36,400) Cash received to trade in old machine

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