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Keating Co, is considering disposing of equipment that cost 571,000 and has 549,700 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 571,000 and has 549,700 of accumulated depreciation to date. Keating Co. can sell the equipment through a broker for $32,000 fess a 7% commission. Atternatively, Gunner Co. has offered to lease the equipment for five years for a total of $50,000. Keating wul incur repoir, insurance, and property tax expenses estimated at $8,000 over the five-year period. At lease-end, the equiptrent is expected to have no residual value. The net differential profit or loss from the sell altemative is a a. $18,360 proint b. 18,568 loss c. \$14,688 profit d. $12.240 loss

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