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Business, 18.11.2020 19:30 abdullaketbi71

On January 1 2019. A company purchased an asset for $40,000 that is expected to generate revenue for 4 years. At time of purchase. A company paid $15,000 with balance due in 2 years. How much expense as a result of the purchase will appear on the 2019 income statement? a. 10,000
b. 40,000
C. 15,000
D. 0

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