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! ! ! ! ! ! ! ! ! ! ! ! ! Sheridan Corporation purchased a special tractor on December 3 1 , 2

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Sheridan Corporation purchased a special tractor on December 31,2020. The purchase agreement stipulated that Sheridan should pay $19,400 at the time of purchase and $5,100 at the end of each of the next 8 years. The tractor should be recorded on December 31,2020, at what amount, assuming an appropriate inte*
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