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Use Excel Formula functions to compute your answers Granite...

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Asked by CaptainCamelPerson722 on coursehero.com

# Use Excel Formula functions to compute your answers Granite...

Use Excel Formula functions to compute your answers

Granite Construction Company is considering selling excess machinery with a book value of \$175,000 (original costs of \$315,000 less accumulated deprecition 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 whcih it is expected to have no residual value.

During the period of the lease, Granite Construction Company's costs of repairs, insurance , and property tax expenses are expected to be \$34,400.

## Answer & Explanation

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Answered by soniautreja97 on coursehero.com

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10,000 step-by-step explanations

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## Step-by-step explanation

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