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.