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please answer On January 1, 2025. Marigold Corporation sold a building that cost $259.090 and that had accumulated depreciation of $102,230 on the date of
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On January 1, 2025. Marigold Corporation sold a building that cost $259.090 and that had accumulated depreciation of $102,230 on the date of sale. Marigold received as consideration a $249.090 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, e.g, 1.25124 and final answer to 0 decimal places, e.8.458.581.) The amount of gain should be reported On January 1, 2025, Marigoid Corporation purchased 324 of the $1,000 face value, 9%,10-year bonds of Walters inc. The bonds mature on January 1, 2035, and pay interest annually beginning January 1, 2026. Marigold purchased the bonds to yieid 11%. How much did Marigold pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Marigold must pay for the bonds Step by Step Solution
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