On January 1, 2018, Byner Company purchased a used tractor. Byner paid $4.000 down and signed a noninterest-bearing note requiring $20,000 to be paid on December 31, 2020. The fair value of the tractor is not determinable. An interest rate of 5% properly reflects the time value of money for this type of loan agreement. The company's fiscal year-end is December 31 Question The year-end reported value of the Note Payable net the Discount for 2018 would be: $20,952 $22,800 $17.277 $18,141 QUESTION 22 The Tinsley Company exchanged land that it had been holding for future plant expansion for a more suitable parcel located farther from residential areas. Tinsley carried the land at its original cost of $25,000. According to an independent appraisal, the land currently is worth $73,000. Tinsley paid $15,000 in cash to complete the transaction Question What would the acquisition cost of the new land be if the transaction does not have commercial substance? $40,000 O $73,000 $88,000 none of the above