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Astro Company owns equipment with a cost of $366,800 and accumulated depreciation of $52,700 that can be sold for $273,200, less a 3% seles commission.

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Astro Company owns equipment with a cost of $366,800 and accumulated depreciation of $52,700 that can be sold for $273,200, less a 3% seles commission. Altematively, Astro Company can lease the equipment for three yoars for a total of $287,100, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Astro Company on the equipment would total 515,200 over the three year lease. a. Prepare a differential analysis on August 7 as to whether Astro Company should lease (Alternative 1) or sell (Aitemative 2) the equipment. If required, use a minus sign to indicate a loss

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