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What would be the balance for company y prepaid insurance

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Reference no: EM132385741

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On June 30, 2017, company Y purchased a 5-year insurance policy on its equipment for $4,000,000. This is the only insurance policy Company Y has in place. As of December 31, 2018, what would be the balance for company Y prepaid insurance?

Reference no: EM132385741

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