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What is the amount of deferred revenue to be reported

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On December 31, 2017, Ivanhoe Inc. sold computer equipment to Daniell Co. and immediately leased it back for 10 years. The sales price of the equipment was $519,100, its carrying amount is $403,800, and its estimated remaining economic life is 12 years. Determine the amount of deferred revenue to be reported from the sale of the computer equipment on December 31, 2017.

Question 1: What is the amount of deferred revenue to be reported?

Reference no: EM132586324

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