QUESTION 2 Nathan Company earns 11% on an investment that pays back $440,000 at the end of each of the next 5 years. Nathan's finance department has the following values related to the time value of money to help in its planning process and compounded interest decisions. To the closest dollar, what is the amount Nathan invested to earn the 11% rate of return? o $741,426 o $1,626,196 O $261,118 O $119,051 QUESTION 3 Cannon Company is considering purchasing a machine. The machine will produce the following cash flows: Year 1 $60,000 Year 2 $90,000 Gannon requires a minimum rate of return of 10%. What is the maximum price Cannon should pay for this machine? O $128,925.90. $64,462.95 o $150,000.00 $75,000.00 QUESTION 4 On January 1, a machine with a useful life of five years and a residual value of $2,000 was purchased for $10,000. What is the accumulated depreciation at the end of year 3 if the asset is depreciated on a straight-line basis? $3,200 $6,000 O$1,600 $4,800 QUESTION 5 Waverly Construction purchased a dump truck 4 years ago for $46,000. Currently the accumulated depreciation on the dump truck is $37,000. Prepare journal entries to show the sale of the dump truck on August 15th, 2021 assuming the dump truck was sold for $15,000 a journal entry would be made where: Loss on sale - dump truck account was debited for $4,000 Loss on sale - dump truck account was credited for $4,000 Gain on sale - dump truck account was credited for $6,000 O Gain on sale - dump truck account was debited for $6,000