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Your answer is incorrect. Crane Ltd . , an equipment manufacturer, sold and delivered a piece of equipment to a buyer for $ 1 0
Your answer is incorrect.
Crane Ltd an equipment manufacturer, sold and delivered a piece of equipment to a buyer for $ with payable in one year
and the remaining payable in two years from the date of sale. Crane estimates that the interest rate for a similar financing
arrangement would be Calculate the amount of revenue that Crane should recognize on the date of sale using Excel or a financial
calculator. Round discount factor to decimals and final answer to decimal places, eg
Click here to view Table A PRESENT VALUE OF PRESENT VALUE OF A SINGLE SUM
Click here to view Table A PRESENT VALUE OF AN ORDINARY ANNUITY OF
Revenue to be recognized on the date of sale
PLEASE ANSWER CORRECTLY OR I WILL GIVE A THUMBS DOWN
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