New attempt is in progress. some of the new entries may impact the last attempt grading. your answer is partially correct. identify the element or elements associated with these items. items the element (a) arises from peripheral or incidental transactions. select an element (b) obligation to transfer resources arising from a past transaction. select an element (c) increases ownership interest. select an element (d) declares and pays cash dividends to owners. select an element (e) increases in net assets in a period from nonowner sources. select an element (f) items characterized by service potential or future economic benefit. select an element (g) equals increase in assets less liabilities during the year, after adding distributions to owners and subtracting investments by owners. select an element (h) arises from income statement activities that constitute the ent

The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept, the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year. to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51