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Kincaid Company owns equipment with a cost of $367,200 and accumulated depreciation of $57,000 that can be sold for $276,700, less a 3% sales commission.

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Kincaid Company owns equipment with a cost of $367,200 and accumulated depreciation of $57,000 that can be sold for $276,700, less a 3% sales commission. Alternatively, Kincaid Company can lease the equipment for three years for a total of $285,600, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Kincaid Company on the equipment would total $16,100 over the three year lease. a. Prepare a differential analysis on August 7 as to whether Kincaid Company should lease (Alternative 1 ) or sell (Alternative 2) the equipment. If required, use a minus sign to indicate a loss. Differential Analvsis b. Should Kincaid Company lease (Alternative 1 ) or sell (Alternative 2 ) the equipment

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