Straight Industries purchased a large piece of equipment from Curvy Company on January 1, 2019. Straight...

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Straight Industries purchased a large piece of equipment from Curvy Company on January 1, 2019. Straight Industries signed a

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Answer 1

Answer #1

OPTION: $25403

EXPLANATION:

Interest expense = present value of note payable x interest rate

= $317532 x 8% = $25403

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Answer 2

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