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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

I am unsure how to solve this question. It says the right answer is A

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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