Problem # 9 Prepare incremental analysis for decision to retain or replace equipment, The law firm of Matadin and Howe relies heavily on a colour laser printer to process the paperwork. Recently the printer has not functioned well and print jobs were not being processed. Management is considering updating the printer with a fuster model Current Printer New Model Original purchase cost $30,000 $24,000 Accumulated depreciation 17,000 Estimated operating costs (annual) 3,000 2,000 Useful life If sold now, the current printer would have a salvage value of $4,000. If operated for the remainder of its useful life, the current printer would have zero salvage value. The new printer is expected to have zero salvage value after four years. Instructions Prepare an analysis to show whether the company should retain or replace the printer 4 years 4 years