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**PLEASE USE CHARTS BELOW** Lmk if anything missing in chart to calculate thanks On January 1, 2020, Indigo Corporation sold a building that cost $272,980
**PLEASE USE CHARTS BELOW** Lmk if anything missing in chart to calculate thanks
On January 1, 2020, Indigo Corporation sold a building that cost $272,980 and that had accumulated depreciation of $108,410 on the date of sale. Indigo received as consideration a $262,980 non-interest-bearing note due on January 1, 2023. 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, 2020, was 15%. 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.g. 458,581.) The amount of gain should be reported $ On January 1, 2020, Indigo Corporation purchased 331 of the $1,000 face value, 15%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Indigo purchased the bonds to yield 11%. How much did Indigo 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.) Indigo must pay for the bonds $ Indigo Corporation bought a new machine and agreed to pay for it in equal annual installments of $4,190 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 8% applies to this contract, how much should Indigo record as the cost of the machine? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Cost of the machine to be recorded $ Indigo Corporation purchased a special tractor on December 31, 2020. The purchase agreement stipulated that Indigo should pay $18,210 at the time of purchase and $4,870 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2020, at what amount, assuming an appropriate interest rate of 12%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Cost of tractor to be recorded $ Indigo Corporation wants to withdraw $129,980 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Required initial investment $ PVFni = Present Value of 1 (Present Value of a Single Sum) 1 -n = (1 + ) (1+1) (n) Periods 2% 2A2% 3% 4% 5% 6% 1 .98039 .97561 .97087 .96154 .95238 .94340 2 .96117 .95181 .94260 .92456 90703 .89000 3 .94232 .92860 .91514 .88900 .86384 .83962 4 .92385 90595 .88849 .85480 .82270 .79209 5 .90573 .88385 .86261 .82193 78353 74726 6 7 8 9 10 .88797 .87056 .85349 .83676 .82035 .86230 .84127 .82075 .80073 78120 .83748 .81309 78941 .76642 74409 79031 75992 73069 70259 .67556 74622 71068 .67684 .64461 .61391 .70496 .66506 .62741 59190 .55839 11 12 13 14 15 .80426 78849 77303 .75788 74301 76214 74356 72542 .70773 .69047 72242 .70138 .68095 .66112 .64186 .64958 .62460 .60057 57748 55526 58468 155684 53032 50507 48102 52679 49697 46884 44230 41727 16 17 18 19 20 72845 71416 70016 .68643 .67297 .67362 .65720 .64117 .62553 .61027 .62317 .60502 58739 57029 155368 .53391 .51337 49363 47464 45639 45811 43630 41552 39573 37689 39365 37136 35034 33051 31180 21 22 23 24 .65978 .64684 .63416 .62172 59539 58086 56670 55288 53755 52189 50669 49193 43883 42196 40573 39012 35894 34185 32557 31007 29416 27751 126180 124698 24 25 .62172 1.60953 155288 153939 149193 1.47761 .39012 37512 131007 129530 1.24698 .23300 26 27 28 29 30 1.59758 158586 157437 156311 1.55207 .52623 1.51340 150088 .48866 .47674 146369 1.45019 1.43708 1.42435 141199 .36069 34682 .33348 32065 .30832 128124 .26785 1.25509 124295 123138 121981 .20737 .19563 .18456 .17411 31 32 33 34 35 154125 153063 1.52023 1.51003 1.50003 146511 .45377 .44270 .43191 .42137 139999 1.38834 37703 136604 135538 129646 128506 1.27409 126355 125342 122036 120987 .19987 .19035 .18129 116425 1.15496 .14619 .13791 13011 36 37 38 39 40 .49022 .48061 147119 1.46195 145289 .41109 1.40107 139128 138174 1.37243 134503 133498 132523 131575 130656 124367 123430 122529 121662 1.20829 1.17266 1.16444 .15661 .14915 .14205 .12274 11579 1.10924 .10306 .09722 8% 9% 10% 11% 12% 192593 1.85734 179383 1.73503 .68058 191743 184168 177218 1.70843 1.64993 190909 182645 1.75132 .68301 .62092 190090 181162 1.73119 .65873 159345 1.89286 .79719 1.71178 1.63552 156743 15% (n) Periods 186957 1 175614 2 1.65752 3 157175 4 .49718 5 163017 158349 1.54027 1.50025 .46319 159627 154703 150187 ,46043 142241 156447 151316 .46651 .42410 138554 1.53464 1.48166 1.43393 139092 135218 50663 1.45235 140388 36061 132197 143233 37594 .32690 1.28426 1.24719 67890 42888 1.39711 .36770 .34046 .31524 .38753 .35554 .32618 .29925 1.27454 .35049 .31863 28966 .26333 .23939 .31728 .28584 .25751 .23199 .20900 .28748 .25668 .22917 .20462 .18270 .21494 18691 .16253 .14133 .12289 1 2 34 5 .29189 .27027 .25025 .23171 .21455 .25187 ,23107 .21199 .19449 .17843 .21763 .19785 .17986 .16351 .14864 .18829 .16963 .15282 .13768 .12403 .16312 .14564 .13004 .11611 .10367 .10687 09293 08081 07027. .06110 16. 17 18 19 20 .19866 .18394 .17032 .15770 .14602 .16370 .15018 .13778 .12641 11597 .13513 .12285 .11168 .10153 09230 .11174 ,10067 09069 .08170 .07361 09256 08264 07379 06588 05882 .05313 .04620 ..04017. 03493 ,03038 21 22 23 24 25 .13520 1.12519 1.11591 .10733 .09938 .10639 1.09761 1.08955 08216 1.07537 .08391 07628 ..06934 06304 .05731 .06631 05974 1.05382 04849 04368 ..05252 .04689 1.04187 1.03738 .03338 .02642 1.02297 01997 .01737. .01510 26 27 28 29 30 09202 .08520 .07889 1.07305 .06763 ..06915 06344 .05820 .05340 1.04899 .05210 .04736 04306 .03914 .03558 .03935 03545 .03194 02878 .02592 .02980 02661 .02376 02121 01894 01313 .01142 ..00993 00864 .00751 31 32 33 34 35 .06262 .05799 .05369 04494 04123 ,03783 .03235 02941 .02674 .02335 02104 .01896 ,01691 01510 .01348 .00653 ,00568 ,00494 36 37. 38 .04971 .04603 .03470 .03184 .02430 .02210 .01708 .01538 .01204 .01075 .00429 .00373 39 40 Future Value of an Ordinary Annuity of 1 (1+1"-1 FVF-OAni 2% 3% 4% 6% (n) Periods 1 2 3 4 5 1.00000 2.02000 3.06040 4.12161 5.20404 2A%% 1.00000 2.02500 3.07563 4.15252 5.25633 1.00000 2.03000 3.09090 4.18363 5.30914 1.00000 2.04000 3.12160 4.24646 5.41632 5% 1.00000 2.05000 3.15250 4.31013 5.52563 1.00000 2.06000 3.18360 4.37462 5.63709 6 7 8 9 10 6.30812 7.43428 8.58297 9.75463 10.94972 6.38774 7.54743 8.73612 9.95452 11.20338 6.46841 7.66246 8.89234 10.15911 11.46338 6.63298 7.89829 9.21423 10.58280 12.00611 6.80191 8.14201 9.54911 11.02656 12.57789 6.97532 8.39384 9.89747 11.49132 13.18079 11 12 13 14 15 12.16872 13.41209 14.68033 15.97394 17.29342 12.48347 13.79555 15.14044 16.51895 17.93193 12.80780 14.19203 15.61779 17.08632 18.59891 13.48635 15.02581 16.62684 18.29191 20.02359 14.20679 15.91713 17.71298 19.59863 21.57856 14.97164 16.86994 18.88214 21.01507 23.27597 16 17 18 19 20 18.63929 20.01207 21.41231 22.84056 24.29737 19.38022 20.86473 22.38635 23.94601 25.54466 20.15688 21.76159 23.41444 25.11687 26.87037 21.82453 23.69751 25.64541 27.67123 29.77808 23.65749 25.84037 28.13238 30.53900 33.06595 25.67253 28.21288 30.90565 33.75999 36.78559 21 22 23 24 25 25.78332 27.29898 28.84496 30.42186 32.03030 27.18327 28.86286 30.58443 32.34904 34.15776 28.67649 30.53678 32.45288 34.42647 36.45926 31.96920 34.24797 36.61789 39.08260 41.64591 35.71925 38.50521 41.43048 44.50200 47.72710 39.99273 43.39229 46.99583 50.81558 54.86451 26 27 28 29 30 33.67091 35.34432 37.05121 38.79223 40.56808 36.01171 37.91200 39.85980 41.85630 43.90270 38.55304 40.70963 42.93092 45.21885 47.57542 44.31174 47.08421 49.96758 52.96629 56.08494 51.11345 54.66913 58.40258 62.32271 66.43885 59.15638 63.70577 68.52811 73.63980 79.05819 31 32 33 34 35 42.37944 44.22703 46.11157 48.03380 49.99448 46.00027 48.15028 50.35403 52.61289 54.92821 50.00268 52.50276 55.07784 57.73018 60.46208 59.32834 62.70147 66.20953 69.85791 73.65222 70.76079 75.29883 80.06377 85.06696 90.32031 84.80168 90.88978 97.34316 104.18376 111.43478 36 37 38 39 40 51.99437 54.03425 56.11494 58.23724 60.40198 57.30141 59.73395 62.22730 64.78298 67.40255 63.27594 66.17422 69.15945 72.23423 75.40126 77.59831 81.70225 85.97034 90.40915 95.02552 95.83632 101.62814 107.70955 114.09502 120.79977 119.12087 127.26812 135.90421 145.05846 154.76197 8% 9% 10% 11% 12% 15% (n) Periods 1.00000 2.08000 3.24640 4.50611 5.86660 1.00000 2.09000 3.27810 4.57313 5.98471 1.00000 2.10000 3.31000 4.64100 6.10510 1.00000 2.11000 3.34210 4.70973 6.22780 1.00000 2.12000 3.37440 4.77933 6.35285 1.00000 2.15000 3.47250 4.99338 6.74238 1 2 3 4 5 7.33592 8.92280 7.52334 9.20044 7.71561 9.48717 7.91286 9.78327 8.11519 10.08901 8.75374 11.06680 6 7 10.63663 12.48756 14.48656 11.02847 13.02104 15.19293 11.43589 13.57948 15.93743 11.85943 14.16397 16.72201 12.29969 14.77566 17.54874 13.72682 16.78584 20.30372 8 9 10 16.64549 18.97713 21.49530 24.21492 27.15211 17.56029 20.14072 22.95339 26.01919 29.36092 18.53117 21.38428 24.52271 27.97498 31.77248 19.56143 22.71319 26.21164 30.09492 34.40536 20.65458 24.13313 28.02911 32.39260 37.27972 24.34928 29.00167 34.35192 40.50471 47.58041 12 13 14 15 30.32428 33.75023 37.45024 41.44626 45.76196 33.00340 36.97371 41.30134 46.01846 51.16012 35.94973 40.54470 45.59917 51.15909 57.27500 39.18995 44.50084 50.39593 56.93949 64.20283 42.75328 48.88367 55.74972 63.439688 72.05244 55.71747 65.07509 75.83636 88.21181 102.44358 16 17 18 19 20 50.42292 55.45676 60.89330 66.76476 73.10594 56.76453 62.87334 69.53194 76.78981 84.70090 64.00250 71.40275 79.54302 8.49733 98.34706 72.26514 81.21431 91.14788 102.17415 114.41331 81.69874 92.50258 104.60289 118.15524 133.33387 118.81012 137.63164 159.27638 184.16784 212.79302 21 22 23 24 25 79.95442 87.35077 95.33883 103.96594 113.28321 93.32398 102.72314 112.96822 124.13536 136.30754 109.18177 121.09994 134.20994 148.63093 164.49402 127.99877 143.07864 159.81729 178.39719 199.02088 150.33393 169.37401 190.69889 214.58275 241.33268 245.71197 283.56877 327.10408 377.16969 434.74515 26 27 28 29 30 123.34587 134.21354 145.95062 158.62667 172.31680 149.57522 164.03699 179.80032 196.98234 215.71076 181.94343 201.13777 222.25154 245.47670 271.02437 221.91317 247.32362 275.52922 306.83744 341.58955 271.29261 304.84772 342.42945 384.52098 431.66350 500.95692 577.10046 644.66553 765.36535 881.17016 31 32 33 34 35 .04971 .04603 .03470 .03184 .02430 .02210 .01708 .01538 .01204 .01075 .00429 .00373 39 40 Future Value of an Ordinary Annuity of 1 (1+1"-1 FVF-OAni 2% 3% 4% 6% (n) Periods 1 2 3 4 5 1.00000 2.02000 3.06040 4.12161 5.20404 2A%% 1.00000 2.02500 3.07563 4.15252 5.25633 1.00000 2.03000 3.09090 4.18363 5.30914 1.00000 2.04000 3.12160 4.24646 5.41632 5% 1.00000 2.05000 3.15250 4.31013 5.52563 1.00000 2.06000 3.18360 4.37462 5.63709 6 7 8 9 10 6.30812 7.43428 8.58297 9.75463 10.94972 6.38774 7.54743 8.73612 9.95452 11.20338 6.46841 7.66246 8.89234 10.15911 11.46338 6.63298 7.89829 9.21423 10.58280 12.00611 6.80191 8.14201 9.54911 11.02656 12.57789 6.97532 8.39384 9.89747 11.49132 13.18079 11 12 13 14 15 12.16872 13.41209 14.68033 15.97394 17.29342 12.48347 13.79555 15.14044 16.51895 17.93193 12.80780 14.19203 15.61779 17.08632 18.59891 13.48635 15.02581 16.62684 18.29191 20.02359 14.20679 15.91713 17.71298 19.59863 21.57856 14.97164 16.86994 18.88214 21.01507 23.27597 16 17 18 19 20 18.63929 20.01207 21.41231 22.84056 24.29737 19.38022 20.86473 22.38635 23.94601 25.54466 20.15688 21.76159 23.41444 25.11687 26.87037 21.82453 23.69751 25.64541 27.67123 29.77808 23.65749 25.84037 28.13238 30.53900 33.06595 25.67253 28.21288 30.90565 33.75999 36.78559Step by Step Solution
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