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1. Kiwi company issued a 2.5% promissory note payable in 3 equal annual installments to purchase machinery with a depreciable value of 3,000,000 on October

1. Kiwi company issued a 2.5% promissory note payable in 3 equal annual installments to purchase machinery with a depreciable value of 3,000,000 on October 31, 2021. Interest expense relating to the p...

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