The ABc Corporation is evaualting a potential lease agreement on a truck that costs 40,000 and falls?

into the Marcs 5 year class. The loan rate on the truck would be 10% if ABC decided to borrow and buy rather that lease and the loan would require 5 equal payments due at the end of the year. The truck has a 5 year economic life an an estimated residual value of $10,000 If ABC buys the truck it would purchase a... show more into the Marcs 5 year class. The loan rate on the truck would be 10% if ABC decided to borrow and buy rather that lease and the loan would require 5 equal payments due at the end of the year. The truck has a 5 year economic life an an estimated residual value of $10,000 If ABC buys the truck it would purchase a maintenance contract which costs 1000 per year payable at year end The terms lease which include maintenance call for a 10,000 lease pymt at the begininng of each year should they lease por purchase show your work
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