DogChew Products needs to replace its rawhide tanning and molding equipment. It can be used for five
Fantastic news! We've Found the answer you've been seeking!
Question:
DogChew Products needs to replace its rawhide tanning and molding equipment. It can be used for five years and will have no salvage value. The equipment costs $930,000. The firm can lease it for $245,000 a year, or it can borrow the money to purchase the equipment at 9%. The firm's tax rate is 39%. The CCA rate is 20% (Class 8). What is the net advantage to leasing?
How to get -20,592 as a answer
Posted Date: