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A company is considering the replacement of a piece of equipment with a newer model. The following data has been collected: Purchase price Accumulated depreciation Annual operating costs Old Equipment $225,000 90,000 300,000 New Equipment $375,000 -0- 240,000 The old equipment can be sold for $60,000. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years. If the old equipment is replaced with the new equipment net income will Select one: O a. increase $90,000. O b. decrease $15,000. O c. increase $60,000 O d. decrease $75,000