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Lease or Sell Decision Inman Industries is considering selling excess machinery with a book value of $278,900 (original cost of $400,900 less accumulated depreciation of

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Lease or Sell Decision Inman Industries is considering selling excess machinery with a book value of $278,900 (original cost of $400,900 less accumulated depreciation of $122,000 ) for $277,500 less a 6% brokerage commission. Alternatively, the machinery can be leased for a total of $286,200 for five years, after which it is expected to have no residual value. During the period of the lease, Inman Industries' costs of repairs, insurance, and property tax expenses are expected to be $26,400. a. Prepare a differential a nalysis report for the lease or sell decision

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