On January 1 of this year, Skamania Company completed the following transactions (assume a 8% annual interest rate) (FV of 5 , PV of \$1, FVA of S1, and PVA of \$il Note: Use the appropriate foctor(s) from the tables provided. a. Bought a delivery truck and agreed to pay $60,500 at the end of three years. b. Pented an office building and was ghen the option of paying $10,500 at the end of each of the next three yoars or poying c. Established a savings account by depositing a single amount that will increase to $91,000 at the end of seven years. $28,500 immediately. d. Decided to deposit a single sum in the bank that will provide 8 equal annual yeat-end payments of $40,500 to a retired employee (payments starting December 31 of this year). Required: a. What is the cost of the truck that should be recorded at the time of purchase? b. Which option for the office building results in the lowest present value? c. What single amount must be deposited in this accoumt on January 1 of this year? d. What single sum must be deposited in the bank on January 1 of this year? Complete this question by antering your answers in the tabs below. What is the cost of the trock that should be recorded at the time of purchase? (Round your answer to nearest whole doliar) a. What is the cost of the truck that should be recorded at the time of purchase? b. Which option for the office building results in the lowest present value? c. What single amount must be deposited in this account on January 1 of this year? d. What single sum must be deposited in the bank on January 1 of this year? Complete tfis question by entering your answers in the tabs below. What is the cost of the truck that should be recorded at the time of purchase? (Round your answer to nearest whole dollar.) d. Decided to deposit a single sum in the bank that will provide 8 equal annual year-end payments of $40,500 to a retired employee (payments starting December 31 of this year). Required: a. What is the cost of the truck that should be recorded at the time of purchase? b. Which option for the office building results in the lowest present value? c. What single amount must be deposited in this account on January 1 of this year? d. What single sum must be deposited in the bank on January 1 of this year? Complete this question by entering your answers in the tabs below. Which option for the office building results in the lowest present value? d. Decided to deposit a single sum in the bank that will provide 8 equal annual year-end payments of $40,500 to a retired employee (payments starting December 31 of this year). Required: a. What is the cost of the truck that should be recorded at the time of purchase? b. Which option for the office buliding results in the lowest present value? c. What single amount must be deposited in this account on January 1 of this year? d. What single sum must be deposited in the bank on January 1 of this year? Complete this question by entering your answers in the tabs below. What single amount must be deposited in this account on January 1 of this year? (Round your answer to nearest whole dollar.) employee (payments starting December 31 of this year). Required: a. What is the cost of the truck that should be recorded at the time of purchase? b. Which option for the office building results in the lowest present value? c. What single amount must be deposited in this account on January 1 of this year? d. What single sum must be deposited in the bank on January 1 of this year? Complete this question by entering your answers in the tabs below. What single sum must be deposited in the bank on January 1 of this year? (Round your answer to nearest whole doliar.)
