Question: Dragoo Building Inc. has a crane with a book value of $249,000 and a 4-year remaining life. A new crane is available at a cost

Dragoo Building Inc. has a crane with a book value of $249,000 and a 4-year remaining life. A new crane is available at a cost of $624,000. Dragoo can also receive $48,900 for trading in the old crane. The new crane will reduce variable costs by $147,000 per year over its four-year life. The total impact to Dragoo over the cranes four-year life is:

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