Question 13 (2 points) On December 31, 2020, Daisy Corporation sold for $100,000 an old machine having an original cost of $180,000 and a book value of $80,000. The terms of the sale were as follows: $20,000 down payment, $40,000 payable on December 31 each of the next two years. The agreement of sale made no mention of interest, however, 9% would be a fair rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December 31, 2020 rounded to the nearest dollar? PVIF n=2, 15.09: 0.84 PVIFA n-2, 1-09: 1.76 $ 80,000 Os 90,400 $ 70,400 OS 67,200 Question 14 (1 point) If a company uses a higher interest rate to calculate the prese value of a payable, the present value will be lower than if a lower interest rate had been used. True False Question 15 (1 point) Non-refundable payments can normally be recognized upon receipt, since there is no performance obligation related to these payments. True False Question 16 (1 point) The transaction price when non-monetary assets are involved in a sale under ASPE is the value of the non-cash consideration rece ed. o True False