Question
1) Company acquired a delivery truck with a fair value of $130,000 on January 1, Year 1. Company made a $20,000 cash down payment and
1) Company acquired a delivery truck with a fair value of $130,000 on January 1, Year 1.
Company made a $20,000 cash down payment and signed at $100,000, 6% note requiring equal payments over 60 months beginning February 1, Year 1. Similar equipment notes have an interest rate of 6%.
Determine the capitalized cost of the new delivery truck
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Auditing In The Food Industry From Safety And Quality To Environmental And Other Audits
Authors: M Dillon, C Griffith
1st Edition
1855734508, 978-1855734500
