Question: Asset 3 : This machine was acquired by making a $ 2 1 , 0 0 0 down payment and issuing a $ 6 3

Asset 3: This machine was acquired by making a $21,000 down
Asset 3: This machine was acquired by making a $21,000 down payment and issuing a $63,000,2-year, zero-interest-bearing note. The note is to be paid off in two $31,500 installments made at the end of the first and second years. It was estimated that the asset could have been purchased outright for $75,390.
payment and issuing a $63,000,2-year, zero-interest-bearing note. The note is to be

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