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On January 2 , 2 0 2 2 , a company purchased a piece of equipment to be used in its operations. The price of

On January 2,2022, a company purchased a piece of equipment to be used in its operations. The price of the machine is to be paid in four equal installments of $10,000 each the first of which is a downpayment paid to the supplier on January 2,2022. Each of the other three payments will be made on December 31 of the years 2022,2023 and 2024.
Assuming an implicit interest rate of 10%, the discounted value of the three future payments is $24,869. Given the above information, answer the following questions (in your answer, do not use " $ " nor "%" signs and give answers rounded to the nearest dollar.).
The value of the machine to be recorded in the books on January 2,2022 is
The Notes payable amount to be recorded on January 2,2022 if the company uses the gross method to account for the liabilities is
The amount of interest expense to be recorded at the end of the year, on December 31,2022 is
The amount of interest expense to be recorded at the end of 2023 is
The net carrying value of the notes payable at the end of 2023 is
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