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Business, 15.04.2020 17:24 oparadorableo8018

Keating Co. is considering disposing of equipment that cost $72,000 and has $50,400 of accumulated depreciation to date. Keating Co. can sell the equipment through a broker for $27,000 less a 10% commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $46,000. Keating will incur repair, insurance, and property tax expenses estimated at $9,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential profit or loss from the sell alternative is a

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