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quick help please! type out specific calculations so i can enter into excel please. thank you! On January I, 2010. Bartoli Company purchased equipment according
quick help please! type out specific calculations so i can enter into excel please. thank you!
On January I, 2010. Bartoli Company purchased equipment according to the terms listed below contract included a down payment and interest only payments at the end Ofcach year for a note which became due (balloon payment) on the last day of the contract. List price of machine in the contract Interest payments at end of each year of contract Market interest rate for this type of contract Down payment Life of financial contract in years Estimated useful life of depreciable asset 9 Required: What is the entry to book (record) thc asset? What entries will be made at the end ot year I, assuming depreciation is based on the Oouble declining method and employs a half year convention for the first year? Hint; there are 2 entries. .OOO,OOO 25
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