12.3 Machine retained or replaced ABC Company has a machine that affixes labels to boties. The machine has a book value of $80,000 and a remaining useful life of 3 years and no salvage value, A new, more efficient machine is available at a cost of $300,000 that will have a 5 -year useful life with no salvage value. The new machine will lower annual variable production costs from $520,000 to $410,000. Instructions Prepare an analysis showing whether the old machine should be retained of replaced