Determine the repair and insurance for timberlake company

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Problem 1: Timberlake Company owns equipment with a cost of $165,000 and accumulated depreciation of $60,000 that can be sold for $82,000, less a 6% sales commission. Alternatively, the equipment can be leased by Timberlake Company for five years for a total of $84,600, at the end of which there is no residual value. In addition, Determine the repair, insurance, and property tax expense that would be incurred by Timberlake Company on the equipment would total $7,950 over the five years.

Reference no: EM132475759

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