Question: Identify the statement that is relevant information in a decision as it relates to retaining or replacing an old equipment Total accumulated depreciation of the

Identify the statement that is relevant information in a decision as it relates to retaining or replacing an old equipment Total accumulated depreciation of the old equipment Cost of the old equipment Annual operating cost of the new equipment Book value of the old equipment Managers will use the contribution format income statement because :

It separates variable and fixed cost components.

It increases the information available to management.

It allows management to establish what sales level is necessary to cover fixed costs.

It indicates the sales mix of the company's products or services

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