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ABC Inc. agrees with Home Renovations Inc. to pay $30,000 in five years for a...

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Accounting

ABC Inc. agrees with Home Renovations Inc. to pay $30,000 in five years for a lawnmower. Interest rates are 8% compounded
semi-annually. How much should ABC Inc. debit to capital assets upon making this purchase? Please round to the nearest whole
number.
Multiple Choice
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