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Riza received a $300,000 subsidy from the government to purchase medical equipment on January 2, 2020. The medical equipment cost is $1,000,000, has a useful

Riza received a $300,000 subsidy from the government to purchase medical equipment on January 2, 2020. The medical equipment cost is $1,000,000, has a useful life of five years, and is depreciated on the straight-line basis. If company choose to defer revenue
Required: compute the cost of equipment

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