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On December 31, 2018, Bramble Company acquired a computer from Plato Corporation by issuing a $542,000 zero-interest-bearing note, payable in full on December 31, 2023
On December 31, 2018, Bramble Company acquired a computer from Plato Corporation by issuing a $542,000 zero-interest-bearing note, payable in full on December 31, 2023 (5 years later). Bramble Companys credit rating permits it to borrow funds from its several lines of credit at 8%. At 12/31/2018, when the computer is recorded, the computer should have a balance of
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