Exercise 13-18A (Algo) Asset replacement decision LO 13-5 A machine purchased three years ago for $315,000 has a current book value using straight-line depreciation of $184,000, its operating expenses are $33,000 per year. A replacement machine would cost $233,000, have a useful life of eleven years. and would require $8,000 per year in operating expenses. It has an expected salvage value of $62,000 after eleven years The current disposal value of the old machine is $70,000; if it is kept 11 more years, its residual value would be $19,000. Required Calculate the total costs in keeping the old machine and purchase a new machine. Should the old machine be replaced