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On September 30, 2021, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1,325,000 immediately and then another

On September 30, 2021, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1,325,000 immediately and then another $1,325,000 on September 30, 2023. An interest rate of 9% reflects the time value of money for this type of loan agreement. (PV of $1, PVA of $1) (Use appropriate factor(s) from the tables provided.) Corso should record the acquisition of the patent on September 30, 2021, for what amount? Multiple Choice $2,582.886. O $2,495,271 O $2.440.226. $2,297,564

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