Business
Business, 09.09.2019 20:30, Brightcord9679

Blondie corporation purchased a precision tool machine with computer controls that had a purchase price of $600,000. blondie paid %40 of the purchase price in cash at the purchase date and agreed to pay %30 of the price 1 year later, and the remaining %30 of the price 2 years later, with no interest. assuming that the prevailing interest rate for such a transaction is 6%, compounding annually, what is the capitalized cost of the machine?

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