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Business, 18.12.2019 17:31, PlzHelpMeOutKam2693
On september 30, 2021, corso steel acquired a patent from thermo steel. the agreement specified that corso will pay thermo $1,000,000 immediately and then another $1,000,000 on september 30, 2023. an interest rate of 8% reflects the time value of money for this type of loan agreement. (pv of $1, pva of $1) (use appropriate factor(s) from the tables provided.) corso should record the acquisition of the patent on september 30, 2021, for what amount?
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