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INTEREST TABLES AND THEIR CONTENTS https://edugen.wileyplus.com/edugen/player/references/index.uni?mode=help&xlinkobject=kieso9781118742976c06-fea-0004&itemid=nopolice E-1 On January 1, 2017, Splish Corporation sold a building that cost $272,980and that had accumulated depreciation of $108,410on

INTEREST TABLES AND THEIR CONTENTS

https://edugen.wileyplus.com/edugen/player/references/index.uni?mode=help&xlinkobject=kieso9781118742976c06-fea-0004&itemid=nopolice

E-1

On January 1, 2017, Splish Corporation sold a building that cost $272,980and that had accumulated depreciation of $108,410on the date of sale. Splish received as consideration a $262,980non-interest-bearing note due on January 1, 2020. 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, 2017, was9%. 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 0 decimal places, e.g. 458,581.)

The amount of gain should be reported $

On January 1, 2017, Splish Corporation purchased331of the $1,000face value,9%,10-year bonds of Walters Inc. The bonds mature on January 1, 2027, and pay interest annually beginning January 1, 2018. Splish purchased the bonds to yield11%. How much did Splish pay for the bonds?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Splish must pay for the bonds $
Splish Corporation bought a new machine and agreed to pay for it in equal annual installments of $4,190at the end of each of the next10years. Assuming that a prevailing interest rate of8% applies to this contract, how much should Splish record as the cost of the machine?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Cost of the machine to be recorded $
Splish Corporation purchased a special tractor on December 31, 2017. The purchase agreement stipulated that Splish should pay $18,210at the time of purchase and $4,870at the end of each of the next8years. The tractor should be recorded on December 31, 2017, at what amount, assuming an appropriate interest rate of12%?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Cost of tractor to be recorded $
Splish Corporation wants to withdraw $129,980(including principal) from an investment fund at the end of each year for9years. What should be the required initial investment at the beginning of the first year if the fund earns11%?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Required initial investment

$

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