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On January 1, 2020, Bramble Corp, exchanged equipment for an $808000 zero-interest-bearing note due on January 1, 2023. The prevailing rate of interest for a

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On January 1, 2020, Bramble Corp, exchanged equipment for an $808000 zero-interest-bearing note due on January 1, 2023. The prevailing rate of interest for a note of this type at January 1, 2020 was 10%. The present value of $1 at 10% for three periods is 0.75. What amount of interest revenue should be included in Bramble's 2021 income statement? $60600 O $66660 $0 $80800 Save for Later Attempts: 0 of 1 used Submit Anwer

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