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ure-Bit Industries is considering selling excess machinery with a book value of $280,000 (original cost of $399,100 less accumulated depreciation of 5119,100 ) for 274,200
ure-Bit Industries is considering selling excess machinery with a book value of $280,000 (original cost of $399,100 less accumulated depreciation of 5119,100 ) for 274,200 less a 6% brokerage commission. Altematively, the machinery can be leased for a total of $287,700 for five years, after which it is expected to have no residua alue. During the period of the fease, Sure-Bil Industries' costs of repairs, insurance, and property tax expenses are expected to be $24,900
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