Keating co. is considering disposing of equipment with a cost of $61,000 and accumulated depreciation of $42,700. keating co. can sell the equipment through a broker for $27,000, less a 6% broker commission. alternatively, gunner co. has offered to lease the equipment for five years for a total of $50,000. keating will incur repair, insurance, and property tax expenses estimated at $12,000 over the five-year period. at lease-end, the equipment is expected to have no residual value.
1. the net differential income from the lease alternative is

$12,620

Explanation:

The net income of selling the equipment through a broker (Nb) is given by the selling price minus the broker commission:

The net income of leasing the equipment to Gunner Co. (Nl) is given by the total lease amount subtracted by the repair, insurance, and property tax expenses:

The net differencial income (NDI) from the lease alternative is:

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

answer; i believe the correct answer is (75 years);