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How much should abc inc debit to capital assets

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Problem 1: ABC Inc. agrees with Home Renovations Inc. to pay $30,000 in five years for a lawnmower. Interest rates are 8% compounded semi-annually. How much should ABC Inc. debit to capital assets upon making this purchase? Please round to the nearest whole number.

a. $24,657

b. $20,267

c. $13,896

d. $36,501

e. $30,000

Reference no: EM132817036

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