Business
Business, 12.03.2021 15:40, gabe3636

Keating Co. is considering disposing of equipment with a cost of $76,000 and accumulated depreciation of $53,200. Keating Co. can sell the equipment through a broker for $29,000, less a 5% broker commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $48,000. Keating will incur repair, insurance, and property tax expenses estimated at $12,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential income from the lease alternative is a.$10,140 b.$5,915 c.$8,450 d.$12,675

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