Question: Malor Inc. needs to upgrade its diagnostic equipment. At the time of purchase, Malor had expected the equipment to last 8 years. Unfortunately, it was

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

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