A company is considering replacing an old piece of machinery, which cost ($500,000) and has ($390,000) of
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A company is considering replacing an old piece of machinery, which cost
\($500,000\) and has \($390,000\) of accumulated depreciation to date, with a new machine that costs \($405,000.\) The old equipment could be sold for \($165,000.
The\) variable production costs associated with the old machine are estimated to be \($120,000\) for six years. The variable production costs for the new machine are estimated to be \($70,000\) for six years.
a. Determine the differential annual income or loss from replacing the old machine.
b. What is the sunk cost in this situation?
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