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Oriole Company has a factory machine with a book value of...

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Accounting

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Oriole Company has a factory machine with a book value of $163,000 and a remaining useful lite of 6 years. A new machine isaviil abic at a cost of $253,000. This machine will have a 6 -year useful life with no salvage value. The new machine will lower annual var istic. manufacturing costs from $605,500 to $496,000. Prepare an analysis that shows whether Oriole should retain or replace the old machine. (If an amount reduces the net income then enter with a negative sign preceding the number or parenthesis, eg, 15,000,(15,000) )

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