Question 5 --/1 View Policies Current Attempt in Progress Chudzick Company has a factory machine with a book value of $153,000 and a remaining useful life of 4 years. A new machine is available at a cost of $247,500. This machine will have a 4-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $593,500 to $495,000. Prepare an analysis that shows whether Chudzick should retain or replace the old machine. (If an amount reduces the net income then enter with a negative sign preceding the number or parenthesis, e.g. -15,000,(15,000).) Keep Equipment Replace Equipment Net Income Increase (Decrease) Variable costs $ New machine cost The old factory machine should be Save for Later Attempts: 0 of 1 used Submit Answer