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Keating Co. is considering disposing of equipment that cost $71,000 and has $49,700 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 $71,000 and has $49,700 of accumulated depreciation to date. Keating Co. can sell the equipment through a broker for $35,000 less a 7% commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $50,000. Keating will incur repair. insurance, and property tax expenses estimated at $11,000 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 self alternative is a a. 57,740kent b. 44.5151 hu c. 50,675 prodit d. 36440 law

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