ACME Ltd. acquired a new machine on May 1, 2021 paying $200,000 cash and the rest with a 3-year, non-interest bearing noto with a maturity value of $600,000 on April 30, 2024. The company can borrow money at an annual rate of 5% 17 of 24 2 Marks The machine should be recorded at a cost of O A $800,000 OB $600,000 OC. $890,000 OD. $718,400 Unsure 18 of 24 2 Marks The interest expense that should be reported on the statement of earnings for the fiscal year ending on April 30, 2022 equals O A $25,920 OB $30,000 OC. $35.920 OD. Zoro because the note payable is a non-interest bearing