Business, 19.03.2021 01:30 maves8

. On June 30, 2021, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $23,000 on the purchase date and the balance in five annual installments of $6,000 on each June 30 beginning June 30, 2022. Assuming that an interest rate of 10% properly reflects the time value of money in this situation, at what amount should Johnstone value the equipment

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. On June 30, 2021, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed t...