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Keating Co. is considering disposing of equipment that cost $53,000 and has $37,100 of accumulated depreciation to date. Keating Co. can sell the equipment through

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Keating Co. is considering disposing of equipment that cost $53,000 and has $37,100 of accumulated depreciation to date. Keating Co. can sell the equipment through a broker for $33,000 less a 9% commission. Aternatively, Gunner Co. has offered to lease the equipment for five years for a total of $47,000. Keating will incur repair, insurance, and property tax expenses estimated at $10,000 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 a. 54,879 loss t. 58,364 profit c. 56,970 low d. $10,455 pnoft

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