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Question - Granite Construction company is considering selling excess machinery with a book value of $175,000(original cost of $315,000 less accumulated depreciation of $140,000) for $180,000, less a 5% brokerage commission. Alternatively, the machinery can be leased for a total of $200,000 for four years, after which it is expected to have no residual value. During the period of the lease, Granite Construction Company'a costs of repairs, insurance, and property tax expenses are expected to be $34,400.
1) What is the alternative 1 (to sell) revenue?
2) What is the alternative 2 (to lease) revenue?
3) What is the alternative 1 (to sell) income?
4) What is the alternative 2 (to lease) income?
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