Business, 20.12.2019 03:31, nicolashernandez347

Granfield company has a piece of manufacturing equipment with a book value of $45,000 and a remaining useful life of four years. at the end of the four years the equipment will have a zero salvage value. the market value of the equipment is currently $23,000. granfield can purchase a new machine for $130,000 and receive $23,000 in return for trading in its old machine. the new machine will reduce variable manufacturing costs by $20,000 per year over the four-year life of the new machine. the total increase or decrease in net income by replacing the current machine with the new machine (ignoring the time value of money) is:

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Granfield company has a piece of manufacturing equipment with a book value of $45,000 and a remainin...