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O. The contract with the IT company chosen is signed. The initial contract cost is paid, as well as the first year payment. Record this

O. The contract with the IT company chosen is signed. The initial contract cost is paid, as well as the first year payment. Record this transaction. (Question #2 from Chspter 18 -Accounting Fundamentals for Healthcare Management)
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Investment Year 1 Year 2 Year 3 initial Contract 250,000 Annuel Contract Cost 100.000100.000100.000 100,000 175.0075,00075.000 175.000 Estim ated Savings 250.000 2500007075472 Ne: Cash Flow 75.000 75.000 75.000 75,000 66. 749.73. 62971.4.. 59407 02 NPV 9883 Option 2 350000 Investment Year 1 Year 2 Year 3 initial Contract 250,000 Annuel Contract Cost 100.000100.000100.000 100,000 175.0075,00075.000 175.000 Estim ated Savings 250.000 2500007075472 Ne: Cash Flow 75.000 75.000 75.000 75,000 66. 749.73. 62971.4.. 59407 02 NPV 9883 Option 2 350000

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