Excellent Inc. is considering leasing or disposing of the following equipment: Cost of equipment$300,000 Less accumulated depreciation(200,000) Book value$100,000 Lease option: Total revenue for five-year lease$200,000 Total estimated repair, insurance, and property tax expenses during life of lease50,000 Residual value at end of fifth year of lease0 Sell option: Sales price$150,000 Commission on sales7% Calculate the differential cost of the lease alternative.

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.