Machine replacement decision A company is considering replacing an old piece of machinery, which cost $600,300 and has $350,000 of accumulated depreciation to date, with a new machine that has a purchase price of $483,900. The old machine could be sold for $64,300. The annual variable production costs associated with the old machine are estimated to be $157,800 per year for 8 years. The annual variable production costs for the new machine are estimated to be $99,700 per year for 8 years. a.1 Prepare a differential analysis dated December 10 to determine whether to continue with (Alternative 1 ) or replace (Alternative 2) the old machine. If an amount is zero, enter " 0 ", If required, use a minus sign to indicate a loss. Feedoeck F Check Mr Work For the continte and replace alternatives subtract the costs from the revenues. Multiply the variable production costs for the eight year life, Determine the differential effect on income of the revenues, costs, and income (loss) by subtracting