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Answer each of these unrelated questions. Click here to view factor tables. (a) On January 1, 2025, Concord Corporation sold a building that cost
Answer each of these unrelated questions. Click here to view factor tables. (a) On January 1, 2025, Concord Corporation sold a building that cost $252,360 and that had accumulated depreciation of $103,650 on the date of sale. Concord received as consideration a $242,360 non-interest-bearing note due on January 1, 2028. There was no established exchange price for the building, and the note had no ready market. The prevailing rate of interest for a note of this type on January 1, 2025, was 9%. At what amount should the gain from the sale of the building be reported? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) The amount of gain should be reported $ SA (b) On January 1, 2025, Concord Corporation purchased 338 of the $1,000 face value, 9%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2035, and pay interest annually beginning January 1, 2026. Concord purchased the bonds to yield 11%. How much did Concord pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Concord must pay for the bonds eTextbook and Media $ tA (c) Concord Corporation bought a new machine and agreed to pay for it in equal annual installments of $5,410 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 8% applies to this contract, how much should Concord record as the cost of the machine? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Cost of the machine to be recorded EA (d) Concord Corporation purchased a special tractor on December 31, 2025. The purchase agreement stipulated that Concord should pay $19,360 at the time of purchase and $5,450 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2025, at what amount, assuming an appropriate interest rate of 12%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Cost of tractor to be recorded $ (e) Concord Corporation wants to withdraw $128,040 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Required initial investment $ SA
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