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Present and future value tables of 1 at 11% are presented below. Polo Publishers purchased a multi-color offset press with terms of $50,000 to be

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Present and future value tables of 1 at 11% are presented below. Polo Publishers purchased a multi-color offset press with terms of $50,000 to be paid at the date of purchase, and a noninterest-bearing note requiring Piyment of $20,000 at the end of each year for five years. The interest rate implicit in the purchase contract is 11%. Polo would record the asset at: Mulvple Choice \$123.9t8. 5130.000 Piesent and future value tables of 1 at 11% are presented below. Polo Publishers purchased a multi-color offsetbress with terms of $50,000 to be paid at the dote of puichase, and a noninterest-bearing note requiring payment of 520,000 at the end of each year for five years. The interest rate implicit in the purchase contract is 11%. Polo would record the asset at: Muliple Cingice 5123918 $130000. Polo Publishers purchased a multi-color offset press with terms of $50,000 to be paid at the date of purchase. and a noninterest-bearing note requiring payment or $20.000 at the end of each year for five years. The interest rate implicit in the purchase contract is 11%. Polo would record the asset at: Multiple Chaice \$123,918. $130,000 5169.560 573,918

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