Multiple Choice Question 149 Concord Corporation is contemplating the replacement of an old machine with a new one. The following information has been gathered: Old Machine New Machine Price $370000 $740000 Accumulated Depreciation 111000 Remaining useful life 10 years Useful life 0 10 years Annual operating costs $222000 If the old machine is replaced, it can be sold for $29600. The company uses straight line depreciation with a zero salvage value for all of its assets. The net advantage (disadvantage) of replacing the old machine is $19600 O 5174000) O $(7400) O $29500