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What amount will be used to record the equipment

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Reference no: EM132570621

Question - Anderson Company has purchased equipment that requires annual payments of $20,000 to be paid at the end of each of the next 6 years. The discount rate is 12%. What amount will be used to record the equipment?

a. $120,000

b. $110,515

c. $77,100

d. $82,220

Reference no: EM132570621

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