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Business, 23.12.2019 23:31 edjiejwi

On december 31, 2017, faital company acquired a computer from plato corporation by issuing a $600,000 zero-interest-bearing note, payable in full on december 31, 2021. faital company's credit rating permits it to borrow funds from its several lines of credit at 10%. the computer is expected to have a 5-year life and a $70,000 salvage value. prepare any necessary adjusting entries relative to depreciation (use straight-line) and amortization (use effective interest method) on december 31, 2018.

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On december 31, 2017, faital company acquired a computer from plato corporation by issuing a $600,00...
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