Danies have been involved in some issues, and you are required to choose the best answer for each of the following On April 1, 2017, MR Co. purchased a new machine on a deferred payment basis. A down payment of $16,500 was made and 4 monthly installments of $13,750 each are to be made beginning on May 1, 2017. The cash equivalent price of the machine was $66,000. MR Co. incurred and paid installation costs amounting to $2,750. The amount to be capitalized as the cost of the machine is $55,000 0 $68,750 O $71,500 O $66,000 o Question $66,000 O 3 Question On Dec 31, 2015, Golden Group paid $18,900,000 to acquire Nasr Co. Nasr Company's 12/31/15 statement of financial position reports assets of $17,500,000 and liabilities of $7,000,000. All of Nasr's assets' book values approximate their fair value, except for land, which has a fair value that is $1,050,000 greater than its book value. What amount of goodwill should Golden Group record as a result of this purchase? $1,400,000 O $-0- S8,400,000 S7 350,000 Rt e