Angel corporation acquired a trenching machine costing25000


Angel Corporation acquired a trenching machine costing$25,000 by making a $5,000 down payment and financing the remainderwith the bank at 10% for 4 years. What is the net dollarimpact on three components of the accounting equation?

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Accounting Basics: Angel corporation acquired a trenching machine costing25000
Reference No:- TGS0595487

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