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 7 years. what affect does this transaction have on the accounting

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 7 years. what affect does this transaction have on the accounting equation?

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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 7 years. what affect does this tra…

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