Check my work A machine purchased three years ago for $304,000 has a current book value using straight-line depreciation of $190,000; its operating expenses are $31,000 per year. A replacement machine would cost $220,000, have a useful life of nine years, and would require $9,000 per year in operating expenses. It has an expected salvage value of $72,000 after nine years. The current disposal value of the old machine is $81,000; if it is kept 9 more years, its residual value would be $14,000. 10 points 8 01:38:45 Required Calculate the total costs in keeping the old machine and purchase a new machine. Should the old machine be replaced? Keep Old Machine Purchase New Machine eBook Total costs Hint Should the old machine be replaced? Yes Print References