-2 Practice Exercises eBook Show Me How Lease or Sell Kincaid Company owns a equipment with a cost of $364,700 and accumulated depreciation of $55,400 that can be sold for $277,600, less a 5% sales commission. Alteratively Kincaid Company can lease the equipment to another company for three years for a total of $288,900, at the end of which there is no residual value. In addition, the repair insurance, and property tax expense that would be incurred by Kincaid Company on the equipment would total $15,800 over the three years. Prepare a differential analysis on March 23 as to whether Kincaid Company should lease (Alternative 1) or sell (Alternative 2) the equipment. For those boxes in which you must enter subtracted or negative numbers use a minus sign Differential Analysis Lease Equipment (Alt. 1) or Sell Equipment (Alt. 2) March 23 Differential Effect Lease Equipment Sell Equipment (Alternative 1) (Alternative 2) on Income (Alternative 2) Revenues Costs Income (Loss) Should Kincaid Company lense (Alterative 1) or sell (Alternative 2) the equipment? Lease the equipment Next) Check My Work 2 more Check My Worming All work saved Email stor Save and Submit Assignment for Grading signment Score: 1.37%