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3 points On July 1, 2021, Markwell Company acquired equipment. Markwell paid $172.500 in cash on July 1, 2021, and signed a $600,000 noninterest bearing
3 points On July 1, 2021, Markwell Company acquired equipment. Markwell paid $172.500 in cash on July 1, 2021, and signed a $600,000 noninterest bearing note for the remaining balance which is due on July 1, 2022 An interest rate of 2% reflects the time value of money for this type of loan agreement (Use appropriate factor(s) from the tables provided) For what amount will Markowell record the purchase of equipment? W 1 1.0% 090010 2.0% 0.90522 5.0% 0.96258 6.0% 094340 2 098030 097066 090703 089000 7.0% 0.93456 1087344 100% 0.00900 082045 3 0.97059 0.95632 0.86384 093862 0.81630 0.75151 4 090098 094218 0.82270 0.79209 0.78290 068301 5 0.95147 0.92820 0.783530 0.74726 0.71299 062032 $600,742 O $817,360. $717,360. $862.500
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