The canton movie theatre is considering selling its old

Reference no: EM13573457

The Canton Movie Theatre is considering selling its old popcorn machine and replacing it with a newer one. The old machine originally cost $5,000 and has been fully depreciated. Annual costs are $4,000. Canton high school is willing to buy it for $1,000. New equipment would cost $18,000 and annual operating costs would be $1,500. The new machine has an estimated useful life of 5 years, and the old machine will last another 5 years.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />Please prepare a proposal and determine if we should replace the old equipment.

Reference no: EM13573457

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