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> 8 9 On January 2. 2020, Zimbabwe Corp. purchases a new machine. The company makes a $ 3.000 cash down payment, and agrees to
> 8 9 On January 2. 2020, Zimbabwe Corp. purchases a new machine. The company makes a $ 3.000 cash down payment, and agrees to pay eight semi-annuat instalments of $ 2,000 each, starting July 1, 2020. signing a non-interest-bearing note to this effect The cash equivalent price of the machine is not known, but the appropriate interest rate for this type of transaction is 8% p.a. Rounding to the nearest dollar (if necessary). Zimbabwe should record the cost of the machine at 11 12 A) $ 15,413 15 B) $ 19,000 C) $ 16,465 D) $ 16,000
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