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On January 1, 2025, Buffalo Corporation sold a building that cost $258.210 and that had accumulated depreciation of $105,500 on the date of sale. Buffalo

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On January 1, 2025, Buffalo Corporation sold a building that cost $258.210 and that had accumulated depreciation of $105,500 on the date of sale. Buffalo received as consideration a $248,210 non-interest-bearing note due on January 1,2028 , There was no established exchange price for the building. and the note had no ready market. The prevailing rate of interest for a note of this type on January 1,2025, was 9%. At what amount should the gain from the sale of the building be reported? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, eg. 458,581.) The amount of gain should be reported On January 1. 2025, Buffalo Corporation purchased 333 of the $1.000 face value. 9%,10-vear bonds of Walters Inc. The bonds mature on January 1, 2035, and pay interest annually beginning January 1,2026. Buffalo purchased the bonds to yield 11%. How much did Buffalo pay for the bonds? (Round factor values to 5 decimal ploces, eg. 1.25124 and finol answer to 0 decimal places, eg. 458,581.1 Buffalo must pay for the bonds $ Buffalo Corporation bought a new machine and agreed to pay for it in equal annual installments of $5.280 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 8% applies to this contract, how much should Buffalo record as the cost of the machine? (Round foctor values to 5 decimal places, eg 1.25124 and final answer to 0 decimal ploces, eg. 458,581 ) Cost of the machine to be recorded $ Buffalo Corporation purchased a special tractor on December 31, 2025. The purchase agreement stipulated that Buffalo should pay $20,180 at the time of purchase and $5.020 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2025. at what amount, assuming an appropriate interest rate of 12% ? (Round foctor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, eg. 458,581.) Cost of tractor to be recorded $

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