Question: On December 3 1 , 2 0 2 5 , Concord Company acquired a computer from Plato Corporation by issuing a $ 5 7 0

On December 31,2025, Concord Company acquired a computer from Plato Corporation by issuing a $570,000.00 zero-interest-bearing note, payable in full on December 31,2029. Concord Companys credit rating permits it to borrow funds from its several lines of credit at 10%. The computer is expected to have a 5-year life and a $67,000 salvage value.Schedule of Note Discount Amortization
On December 31,2025, Concord Company acquired a computer from Plato Corporation

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