Question
A company purchased 2 new delivery vans for a total of $250,000 on January 1 2013. The company paid $40,000 cash and signed a 3
A company purchased 2 new delivery vans for a total of $250,000 on January 1 2013. The company paid $40,000 cash and signed a 3 year 8% note for the remaining balance.
What is the amount of interest paid from the second payment?
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Cost Determination A Conceptual Approach
Authors: Joel S. Demski
1st Edition
0813803608, 978-0813803609
