Business, 31.07.2019 23:30 williamwu2750
On june 30, 2018, the johnstone company purchased equipment from genovese corp. johnstone agreed to pay genovese $22,000 on the purchase date and the balance in five annual installments of $5,000 on each june 30 beginning june 30, 2019. assuming that an interest rate of 11% properly reflects the time value of money in this situation, at what amount should johnstone value the equipment? (round your final answers to nearest whole dollar amount.)
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On june 30, 2018, the johnstone company purchased equipment from genovese corp. johnstone agreed to...
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