Business, 30.04.2021 19:30 leeahnnfoster
Astro Company owns equipment with a cost of $361,100 and accumulated depreciation of $53,800 that can be sold for $274,100, less a 3% sales commission. Alternatively, Astro Company can lease the equipment for three years for a total of $285,500, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Astro Company on the equipment would total $15,800 over the three year lease.
Required:
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