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Brodyco purchases an industrial oven and signs a noninterest bearing note for $50,000 to be paid 2 years from the purchase date. If Brodyco had
Brodyco purchases an industrial oven and signs a noninterest bearing note for $50,000 to be paid 2 years from the purchase date. If Brodyco had borrowed from a bank, the interest rate would be 10%. What is the industrial oven worth at the purchase date?
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