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On January 1st, 2018, the company DECORA, SA acquires a machine, useful life 5 years for a purchase price 25.000 eur. In payment, the company
On January 1st, 2018, the company DECORA, SA acquires a machine, useful life 5 years for a purchase price 25.000 eur. In payment, the company issues an installment note payable for this amount, plus interests at 12 percent per annum (or 1 percent per month) This note will be paid in 5 monthly installments of 5.151 eur, beginning on January 1st 2018 and ending in May 1st 2018 . Indicate the liability amount on February 1st that will appear in the Balance Sheet, separating from long and short term
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