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solve for part (c) please On January 1. 2025. Marigold Corporation sold a building that cost $259,090 and that had accumulated depreciation of $102.230 on
solve for part (c) please
On January 1. 2025. Marigold Corporation sold a building that cost $259,090 and that had accumulated depreciation of $102.230 on the date of sale. Marigold received as consideration a \$249,090 non-interest-bearing note due on January 1,2028. There was no established exchange price for the building, and the note had no ready market. The prevailing rate of interest for a note of this type on January 1,2025, was 9%. At what amount should the gain from the sale of the building be reported? (Round factor values to 5 decimal places, e.s. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) The amount of gain should be reported On January 1,2025, Marigold Corporation purchased 324 of the $1,000 face value, 9%,10-year bonds of Walters Inc. The bonds mature on January 1, 2035, and pay interest annually beginning January 1, 2026. Marigold purchased the bonds to yield 11%. How much did Marigold pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Marigold must pay for the bonds eTextbook and Media Attempts: 2 of 3 used (C) Marigold Corporation bought a new machine and agreed to pay for it in equal annual installments of $5,140 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 8% applies to this contract, how much should Marigold record as the cost of the machine? (Round factor values to 5 decimal places, e.s. 1.25124 and final answer to 0 decimal places, e.g. 458,581 .) Cost of the machine to be recorded Step by Step Solution
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