What is more lucrative, renting or buying a billboard according to the following information: Sunny is thinking
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What is more lucrative, renting or buying a billboard according to the following information:
Sunny is thinking about renting a billboard for $500 per month at a busy corner in town (the initial sign would have a $2,000 upfront cost). With the billboard, Sunny anticipates his projections getting boosted by 50% (same fee percentages) over the next decade. There is also the option of buying the billboard outright for $20,000. Sunny believes the billboard will last ten years with yearly maintenance of $1,000- he isn’t sure how expensing an asset such as this works.
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