Marvin company negotiated the purchase of a new building for $250,000. marvin paid a $100,000 down payment and will pay off the remainder over seven years. what affect does this transaction have on the accounting equation?

Marvin Company negotiated the purchase of a new building for $250,000. Marvin paid a $100,000 down payment and will pay off the remainder over seven years. What affect does this transaction have on the accounting equation?

This shows after the deposit of $100,000 out of $250,000, the completion of such transaction will take seven years. This means that it will seven years to balance such account, it is not economically wise to do such

Explanation:

a is the correct answer, tell me if im right

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough