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Carla Corporation purchased a special tractor on December 31, 2020. The purchase agreement stipulated that Carla should pay $18.140 at the time of purchase and
Carla Corporation purchased a special tractor on December 31, 2020. The purchase agreement stipulated that Carla should pay $18.140 at the time of purchase and $4,540 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2020, 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 decimal places, e.g. 458,581.) Cost of tractor to be recorded $ $ e Textbook and Media Carla Corporation wants to withdraw $121,360 (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 $ e Textbook and Media On January 1, 2020, Carla Corporation sold a building that cost $259,090 and that had accumulated depreciation of $102,230 on the date of sale. Carla received as consideration a $249,090 non-interest-bearing note due on January 1, 2023. 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, 2020, was 11%. 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 decimal places, e.g. 458,581.) The amount of gain should be reported $ $ e Textbook and Media On January 1, 2020, Carla Corporation purchased 324 of the $1.000 face value, 11%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Carla purchased the bonds to yield 11%. How much did Carla pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to decimal places, e.g. 458,581.) Carla must pay for the bonds $ e Textbook and Media Carla Corporation bought a new machine and agreed to pay for it in equal annual installments of $5,140 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 Carla record as the cost of the machine? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to decimal places, e.g.458,581.) Cost of the machine to be recorded $ $
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