31) A company borrowed si 9,000 by signing a 180-day promissory note at 10%. The total 31) interest due on the maturity date is: (Use 360 days a year.) A) $1425.00 B) $1900.00 C) S95.00 D) $475.00 E) S950.00 32) Peavey Enterprises purchased a depreciable asset for $24,000 on April 1, Year 1. The 32) asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $2400, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of A) $21 ,600.00 B) $4500.00 C) $20,700.00 D) $6000.00 E) S5400.00 33) 33) A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $57,500; the land at $48,600, and the parking lot at $18,900. Land should be recorded in the accounting records with an allocated cost of A) $48,600. B) $100,000. C) SO. D) S38,880. E) $44,880