6. An entity purchased certain plant assets under a deferred payment contract. The agreement was to pay P 10,000 per year for 5 years. The plant asset should be valued at P50,000 P50,000 plus imputed interest Present value of P10,000 annuity for 5 years at an imputed interest Present value of a P10,000 annuity for 5 years discounted at the bank prime interest rate 9.0 .62