Question
On December 31, 2014, Faital Company acquired a computer from Plato Corporation by issuing a $633,100 zero-interest-bearing note, payable in full on December 31, 2018.
On December 31, 2014, Faital Company acquired a computer from Plato Corporation by issuing a $633,100 zero-interest-bearing note, payable in full on December 31, 2018. Faital Companys credit rating permits it to borrow funds from its several lines of credit at 10%. The computer is expected to have a 5-year life and a $76,800 salvage value.
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The Whole School Audit Development Planning For Primary And Special Schools
Authors: Brian Drakeford
1st Edition
1853465011, 978-1853465017
