Should your company buy equipment or lease it

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Reference no: EM1378576

Q. Suppose your company is trying to decide whether it should buy special equipment to prepare some of its high-quality publications itself or lease equipment from another company. Suppose leasing equipment cost $240 per day. If you decide to purchase equipment, initial investment is $6,800; also operations will cost $70 per day. After explain how many days will lease cost be same as purchase cost for equipment? Assume your company would only use this equipment for 30 days. Should your company buy equipment or lease it?

Reference no: EM1378576

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