PRINTER VERSION Question 2 On January 1, Sage Hill Inc. sold used equipment with a cost of $14,500 and a carrying amount of $2,500 to Cheyenne Corp. in exchange for 14,920, three-year non-interest bearing note receivable. Although no interest was specified, the market rate for a loan of that is would be and assume that super follows ASPE Click here to view the factor table PRESENT VALUE OF Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF