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need help on this homework problem please Teradene Corporation purchased land as a factory site and contracted with Maxtor Construction to construct a factory, Teradene
need help on this homework problem please
Teradene Corporation purchased land as a factory site and contracted with Maxtor Construction to construct a factory, Teradene made the following expenditures related to the acquisition of the land, building. and equipment for the factory: In addition to the above expenditures, Teradene purchased four forklifts from Caterpillar. In payment, Teradene paid $24,000 cash and signed a noninterest-bearing note requiring the payment of $78.000 in one year. An interest rate of 9% properiy reflects the time value of money for this type of loan. Required: Determine the amount Teradene would record for each of the assets acquired in the atbove transactions. Note: Use tables. Excel, or a financial calculator. Round your final answers to the nearest whole dollar. (FV of S1. PV of S1. FVA of S1. PVA ol $1 EVAD of S1 and PVAD of S1)
need help on this homework problem please
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