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Question 13 --/3.75 View Policies Current Attempt in Progress On December 31, 2020, Marigold Corp. sold for $150000 an old machine having an original cost
Question 13 --/3.75 View Policies Current Attempt in Progress On December 31, 2020, Marigold Corp. sold for $150000 an old machine having an original cost of $258000 and a book value of $108000. The terms of the sale were as follows: $42000 down payment $54000 payable on December 31 each of the next two years The agreement of sale made no mention of interest; however, 7% 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? (The present value of an ordinary annuity of 1 at 7% for 2 years is 1.80802.) O $97633 O $108000 O $139632 O $195265. Save for Later Attempts: 0 of 1 used Submit
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