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Blossom Company leased machinery to Conecuh Company on January 1 , 2 0 2 5 , for a ten - year period expiring December 3
Blossom Company leased machinery to Conecuh Company on January for a tenyear period expiring December Equal annual payments under the lease are $ and are due on January of each year. The first payment was made on January The rate of interest used by Blossom and Conecuh is The cash selling price of the machinery is $ and the cost of the machinery on Blossom's accounting records was $ Assuming that the lease is appropriately recorded as a sale for accounting purposes by Blossom, what amount of interest revenue would Blossom record for the year ended December
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