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On march 1 20x0 newman inc sold machinery to triangle co on

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On March 1, 20X0 Newman Inc sold machinery to Triangle Co on an installment basis. The contract rewuires five annual payments of $25,000 each with the first payment on March 1, 20X0. The prevailing rate of interest is 9%. What should Triangle Co record as the purchase price of the asset?

Reference no: EM13592057

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