Homework Answers
Answer : $9,520(d)
Given:
Lease amount=$47,000
Estimated expenses=$12,000
Sale of euipment through broker $28,000 less 9% commission(Net sale of equipment)
If equipment leased net differential income = Lease amount - estimated expenses - net sale of equipment
= $47,000-$12,000-($28,000-($28,000*9%)
=$47,000-$12000-($28,000-$2,520)
=$47,000-$12000-$25,480
=$47,000-$37,480
=$9,520
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