CALCULATOR FULL SCREEN PRINTER VERSION BACK Multiple Choice Question 149 Sheridan Company is contemplating the replacement of an old machine with a new one. The following information has been gathered: Old Machine New Machine Price $380000 $760000 Accumulated Depreciation 114000 -0- Remaining useful life 10 years -0- Useful life 10 years Annual operating costs $305000 $228000 If the old machine is replaced, it can be sold for $30400. The company uses straight-line depreciation with a zero salvage value for all of its assets. The net advantage (disadvantage) of replacing the old machine is $(76000) $40400 $30500 $(7600) Click If you would like to show Work for this questioni Open Show Work