The following information pertains to the January 2, year 2 transactions replacing a print machine for Hidden Creek Enterprises, Inc.
Net book value - old print machine $20,000
Total cost of new machine $180,000
Down payment on new machine $35,000
Sale price of old machine $30,000
Tax rate 30%
What is the net total of relevant costs on January 2, year 2?
a. $173,000
b. $153,000
c. $28,000
d. 8,000.