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The Livie Corporation is considering replacing a machine. The following information is available: ...

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Accounting

The Livie Corporation is considering replacing a machine. The following information is available:

Old Machine New Machine
Original cost $65,000 $40,000
Useful life 10 5
Current age in years 5 0
Book value

$20,000
Current salvage value $9,660
Salvage value in 5 years $4,600 $4,250
Annual operating costs $10,500 $6,500

The incremental profit (loss) associated with purchasing the new machine is (incremental losses are indicated by a negative (-) sign):

Multiple Choice

  • -10,340

  • -14,940

  • -11,150

  • -26,690

  • -10,690

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