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Wildhorse Co. borrowed $1800000 from BankTwo on January 1, 2019 in order to expand its mining capabilities. The 5-Year note required annual payments of $
Wildhorse Co. borrowed $1800000 from BankTwo on January 1, 2019 in order to expand its mining capabilities. The 5-Year note required annual payments of $ 468786 and carried an annual interest rate of 9.5%. What is the amount of expense Wildhorse must recognize on its 2020 income statement?
A) $111732
B) $126436
C) $142710
D) $171000
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