3- Suppose a company incurs the following costs: labor, $3,000; equipment, $2,000; and materials, $1,000. The company ow

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3- Suppose a company incurs the following costs: labor,$3,000; equipment, $2,000; and materials, $1,000. The company ownsthe building, so it doesn’t have to pay the usual $4,000 inrent. Please use whole numbers only and no $ signs.
a. What is the total accounting cost?
$
b. What is the total economic cost?
$
c. If the company sold the building and then leased it back,what would be the change in
(i) accounting costs?
$
(ii) economic costs?
$