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Proto company owns a machine with a cost of $320,000 and accumulated amortization of $60,000 thatcan be aold for $250,000, less a 5% sales commission.

Proto company owns a machine with a cost of $320,000 and accumulated amortization of $60,000 thatcan be aold for $250,000, less a 5% sales commission. Alternatively, the machine can be leased by proto company fro three years for a total of $268,000, at the end of which there is no residual value. In addition, repair, insurance and property tax that would be incurred by proto company on the machine would total $24,000 over the three years. Determine the differential income or loss from the lease alternative for proto company

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