Question: Busy Beaver, Inc. signed a $ 3 1 5 , 0 0 0 , 5 - year note payable to buy a new $ 3

Busy Beaver, Inc. signed a $315,000,5-year note payable to buy a new $315,000 industrial veneer cutter. Busy Beaver paid $5,000 cash for transportation of the machine and $750 cash for installation costs. What is the overall effect of this transaction on the accounting equation? (Check all that apply.)

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