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A Company Is Considering Whether to Purchase or Lease a Piece

Question 80

True/False

 A company is considering whether to purchase or lease a piece of equipment for an upcoming project.  The cost to purchase is $10,000 plus $100 per day to operate or $500 per day to lease (including operating costs). If the company anticipates using the equipment for a total of 20 days, they will be indifferent as to whether or lease or purchase it.

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