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Business, 15.11.2019 22:31 daijahamaker062816

On october 1, 20x1, a company purchased a piece of land by agreeing to pay the seller $450,000 in two years. if the company had borrowed the money from a bank to pay the seller immediately, management estimates the bank would have required interest of 9%. for what amount should the company record the land on the date of purchase (rounded to the nearest dollar)?

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On october 1, 20x1, a company purchased a piece of land by agreeing to pay the seller $450,000 in tw...
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