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Sure-Bilt Industries is considering selling excess machinery with a book value of...

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Accounting

Sure-Bilt Industries is considering selling excess machinery with a book value of $280,700(original cost of $399,600 less accumulated depreciation of $118,900) for $274,500 less a 6% brokerage commission. Alternatively, the machinery can be leased for a total of $287,600 for five years, after which it is expected to have no residual value. During the period of the lease, Sure-Bilt Industries' costs of repairs, insurance, and property tax expenses are expected to be $26,100.
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