Waukee Railroad is considering the purchase of a powerful, high-speed wheel grinder to replace a standard wheel grinder now in use. Selected information on the two machines follows: Standard HighSpeed Wheel Wheel Grinder Grinder Original cost/New cost $45.000 $67.500 Accumulated depreciation to date $18,000 $ 0 Current salvage value $11,750 $ 0 Estimated cost per year to operate $26,250 $16,250 Remaining years of useful life 5years 5years Required: Compute the net advantage or disadvantage of purchasing the high-speed wheel grinder covering the five-year period. Use only relevant costs in your analysis. Ignore tax effects. ::|