Breton Inc. needs to upgrade its diagnostic equipment. At the time of purchase, Breton had expected the

Question:

Breton Inc. needs to upgrade its diagnostic equipment. At the time of purchase, Breton had expected the equipment to last 8 years. Unfortunately, it was obsolete after only 4 years. Nolan Rush, CFO of Breton Inc., is considering leasing new equipment rather than buying it. What are the potential benefits of leasing?