On December 1 2021 Old World Delisigned a $300,000.5% six-month note payable with the amount borrowed plus accrued interest due six months later on June 1, 2022. Old World Derecords the propriate ad usting entry for the note on December 31, 2021. What amount of cash will be needed to pay back the note payable plus any accrued interest on ne 12022 5 07soo Match the following: Activity based method Declining balance method Amortization Straight-line method Depletion Match each of the options above to the ems below Allocates an asset's cost based on its use. Allocates an equal amount of depreciation to each year of the asset's service life. Allocating the cost of an intangible asset over its service life. The process of recording expense for natural resources. An accelerated depreciation method that records more depreciation in earlier years and less depreciation in later years. Match the following Payroll taxes Line of credit The riskiness of a business's obligations Current portion of long-term debt Interest on debt Match each of the options above to the items below. Long-term debt maturing within one year of the balance sheet date. Classifying liabilities as either current or long-term helps investors and creditors assess this Amount of note payable annual interest rate fraction of the year. FICA and FUTA Informal agreement that permits a company to borrow up to a prearranged limit