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Keating Co. is considering disposing of equipment that cost $51,000 and has $35,700 of accumulated depreciation to date. Keating Co. can sel the equipment through

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Keating Co. is considering disposing of equipment that cost $51,000 and has $35,700 of accumulated depreciation to date. Keating Co. can sel the equipment through a broker for $33,000 less a 7% commission. Alternatively, Gunner Co.has offered to lease the equipment for five years for a total of $49,000. 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 2. 59.310 lose b. 313,965 prohit (e) 511172 proft d. 56.517 lost

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