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Answer the following for a company that lends $200,000 The annual rate is 7%. How much interest revenue should be recorded over the next 12 months? Suppose the note is dated June 1, 2021. Answer the questions below. You must show your computations to receive credit. How much interest revenue is recorded in each year? 2021: 2022: . . How much cash interest is received in each year? 2021: 2022: Which principle in accounting requires a company record interest earned even though they haven't received the cash? a Calculate the book value of a machine as of December 31, Year 2. The machine cost was purchased on January 1, Year at a price of $250,000. It has a useful life of 10 years and a $25,000 salvage value. Depreciation Expense Formula Depreciation Expense Computation bi Book Value Formula Book Value Computation