A $63,000 machine with a 10- year class life was purchased 2 years ago. The...

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Accounting

A $63,000 machine with a 10- year class life was purchased 2 years ago. The machi now be sold for $50,000 and replaced with a new machine costing $93,000, with a class life. The new machine will not increase sales, but will decrease operating costs $13,000 per year. Simplified straight line depreciation is employed for both machin the marginal corporate tax rate is 34 percent. What is the incremental annual cash associated with the project?
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