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Whit Corporation purchased a piece of equipment on January 1, 2015 by agreeing to pa};r $Q, on December 31, 21121. Assuming the appropriate interest

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Whit Corporation purchased a piece of equipment on January 1, 2015 by agreeing to pa};r
$Qflfl,flflfl on December 31, 21121. Assuming the appropriate interest rate is 9%, hon.r much
interest expense (rounded) would he recorded for the year ended December 31, 2016‘? A) $48,293 B) $44,311] C] $52,644
D] $513 32
E) Cannot he determined

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