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On September 3 0 , 2 0 2 4 , a company acquired a patent. The agreement specified that the company will pay $ 1
On September a company acquired a patent. The agreement specified that the company will pay
$ immediately and then another $ on September An interest rate of
reflects the time value of money for this type of loan agreement. PV of $ PVA of $
What amount of interest expense, if any, would the company record on December the company's
fiscal year end?
Note: Round your answer to nearest whole dollar amount.
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