FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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On April 1, 2020, our hospital buys an MRI machine for $1,000,000. It is financed for 5 years at 6% annual interest. Interest is paid each year on March 31. The entire $1,000,000 of principle is paid on March 31, 2025.
Give the December 31,2020
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