Lease or Sell Kincaid Company owns equipment with a cost of $363,000 and accumulated depreciation of $53,300 that can be sold for $276,000, less a 5% tales commission Alternatively, Kincaid Company can lease the equipment for three years for a total of $287,800, at the end of which there is no residual value. In addition, the repair Insurance, and property tax expense that would be incurred by Xincaid Company on the equipment would total $15,400 over the three year lease a. Prepare a differential analysis on August 7 as to whether Kincaid Company should Inase (alternative 1) or sell (Alternative 2) the equipment. It required, use a minus sign to indicate a loss Differential Analysis Lease Equipment (Alt. 1) or Sell Equipment (Alt. 2) August 7 Lease Sell Differential Equipment Equipment Effects (Alternative 1) (Alternative 2) (Alternative 2) 2170 275.000 15.400 x Revenues Costs Pront (Los)