Question: -/19 Last year, Tamarisk Condos installed a mechanized elevator for its tenants. The owner of the company, Thomas Taylor, recently returned from an industry

-/19 Last year, Tamarisk Condos installed a mechanized elevator for its tenants. The owner of the company, Thomas Taylor, recently returned from an industry equipment exhibition where he watched a computerized elevator demonstrated. He was impressed with the elevator's speed, comfortable ride, and cost efficiency. Upon returning from the exhibition, he asked his purchasing agent to collect price and operating cost data on the new elevator. In addition, he asked the company's accountant to provide him with cost data on the company's existing elevator. The information is presented below: Purchase price Estimated salvage value Old Elevator New Elevator $114,600 $180,300 0 6 years 5 years Estimated useful life Depreciation method Straight-line Straight-line Annual operating expenses other than depreciation: Variable $34,000 $11,200 Fixed 22,400 8,300

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