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Determine the amount of ppe

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Question - The company bought a delivery car on an installment basis. A down payment $100,000, was paid and the balance payable in two equal annual installments of $200,000 through a non- interest bearing note. The imputed rate was 12%.

What if: The note is interest-bearing

Determine the amount of PPE if interest bearing and non interest-bearing: Journal entry for both.

Reference no: EM132614456

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