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Dora Company issues a three-year non-interest bearing note in exchange for a piece of equipment. Dora should record the note at: the present value of

Dora Company issues a three-year non-interest bearing note in exchange for a piece of equipment. Dora should record the note at:

the present value of the face amount.

the equipments estimated value in use.

face value.

the fair value of the equipment.

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