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00 points on June 30, 2013, Kimberly Farms purchased custom-made harvesting machinery from a local producer. In payment, signed a note requiring the of $64,000

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00 points on June 30, 2013, Kimberly Farms purchased custom-made harvesting machinery from a local producer. In payment, signed a note requiring the of $64,000 in two years. The fair value of the mach is not known, but an 7% interest rate properly reflects time s) type of loan ev of $1, FvA $1, PVA ot EVAD $1 and p of (Use appropriate factor(s) from the tables provided.) What amount will Kimberly initially value the machinery? Table or caloulator function: Future Value: Present value much w Kmbery reoognize in te encome statement for mis note for the year ended December 31, 2013

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