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Kincaid Company owns equipment with a cost of ( $ 365,800 ) and accumulated depreciation of ( $ 52,500 ) that can be sold for

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Kincaid Company owns equipment with a cost of \\( \\$ 365,800 \\) and accumulated depreciation of \\( \\$ 52,500 \\) that can be sold for \\( \\$ 274,100 \\), less a \3 sales commission. Aternatively, Kincaid Company can lease the equipment for three years for a total of \\( \\$ 288,300 \\), at the end of which there is no residual value. In addition, the repaic, insurance, and property tax expense that would be incurred by Kincald Company on the equipment would total \\( \\$ 16,600 \\) over the three year lease. a. Prepare a differentill analvas on February 18 , as to whether Kincald Company should lease (Alternstive 1) or sell (Aleenative 2) the equipment

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