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17. ABC Inc. issues a $497,000, 10%, 3-year mortgage note on January 1. The note will be paid in three annual installments of $200,000, each

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17. ABC Inc. issues a $497,000, 10%, 3-year mortgage note on January 1. The note will be paid in three annual installments of $200,000, each payable at the end of the year. What is the amount of interest expense that should be recognized by ABC Inc. in the second year

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