Additional Brief Exercise 175 Elmdale Company has a machine that affixes labels to bottles. 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 avallable at a cost of $300,000 that wll have a 5-year useful life with no salvage value. The new machine will lower production costs from $520,000 to $410,000 Prepare an analysis showing whether the did machine should be retained or replaced. (Enter negative amounts using elther a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Retain Equipment Replace Equipment Net Income Change