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Business, 07.08.2021 01:00 mariap3504

Astro Company owns a equipment with a cost of $361,300 and accumulated depreciation of $55,300 that can be sold for $277,200, less a 3% sales commission. Alternatively, Astro Company can lease the equipment to another company for three years for a total of $286,900, 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 $15,700 over the three years. Prepare a differential analysis on March 23 as to whether Astro Company should lease (Alternative 1) or sell (Alternative 2) the equipment. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Differential Analysis Lease Equipment (Alt. 1) or Sell Equipment (Alt. 2) March 23 Lease Equipment (Alternative 1) Sell Equipment (Alternative 2) Differential Effect on Income (Alternative 2) Revenues $fill in the blank 723ccafebfcc040_1 $fill in the blank 723ccafebfcc040_2 $fill in the blank 723ccafebfcc040_3 Costs fill in the blank 723ccafebfcc040_4 fill in the blank 723ccafebfcc040_5 fill in the blank 723ccafebfcc040_6 Income (Loss) $fill in the blank 723ccafebfcc040_7 $fill in the blank 723ccafebfcc040_8 fill in the blank 723ccafebfcc040_9 Should Astro Company lease (Alternative 1) or sell (Alternative 2) the equipment?

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Astro Company owns a equipment with a cost of $361,300 and accumulated depreciation of $55,300 that...

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