Chung Inc. is considering the replacement of a piece of equipment with a newer model. The following data has been collected:   Old Equipment New Equipment Purchase price $225,000 $375,000 Accumulated depreciation 90,000 - 0 - Annual operating costs 300,000 240,000 If the old equipment is replaced now, it can be sold for $60,000. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years. Reference: Ref 21-2 The net advantage (disadvantage) of replacing the old equipment with the new equipment is Group of answer choices $60,000 $(75,000) $(15,000) $90,000

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