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Business, 02.07.2020 19:01 josephmartinelli5

Crane Company borrowed $750000 from BankTwo on January 1, 2019 in order to expand its mining capabilities. The 5-year note required annual payments of $195327 and carried an annual interest rate of 9.5%. What is the amount of expense Crane must recognize on its 2020 income statement

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Crane Company borrowed $750000 from BankTwo on January 1, 2019 in order to expand its mining capabil...
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