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Skysong Corporation purchased a computer on December 31, 2024, for $117,600, paying $33,600 down and...

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Accounting

Skysong Corporation purchased a computer on December 31, 2024, for $117,600, paying $33,600 down and agreeing to pay the balance in five equal installments of $16.800 payable each December 31 beginning in 2025. An assumed interest rate of 9% is implicit in the purchase price

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