November 29, 2015

Homework Help: Math

Posted by Peaz on Monday, February 20, 2012 at 8:11pm.

Big Sky Mining Company must install $1.5 million of new machinery in its' Nevada mine. It can obtain a bank loan for 100% of the purchase price, or it can lease the machinery. The lease would qualify as a guidline lease for tax purposes. Also, assume no maintenance charges. Assume that the following facts apply:

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