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larkspur corporation purchased a special tractor on december 31 2025. THe purchase agreement stipulated that Larkspur should pay $19550 at the time of purchase and
larkspur corporation purchased a special tractor on december 31 2025. THe purchase agreement stipulated that Larkspur should pay $19550 at the time of purchase and $4980 at the end of each of the next 8 years. The tractor should be recorded on December 31 2025 at what amount assuming an appropriate interest rate of 12%? cost of tractor to be recorded
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