kincaid company owns equipment with a cost of $367,900 and accumulated depreciation of $55,200 that can be sold for $277,400, less a 4% sales commission. alternatively, kincaid company can lease the equipment for three years for a total of $284,700, at the end of which there is no residual value. in addition, the repair, insurance, and property tax expense that would be incurred by kincaid company on the equipment would total $16,900 over the three year lease. question content area a. prepare a differential analysis on august 7 as to whether kincaid company should lease (alternative 1) or sell (alternative 2) the equipment. if required, use a minus sign to indicate a loss.