Testbank IFRS Multiple Choice Question 07 Crane Company maintains its accounting records using IFRS. The company purchases equipment with a price of $300000. The manufacturer has offered a payment plan that would allow Crane to make 10 equal annual payments of $36987, with the first payment due one year after the purchase. How much total interest will Crane pay on this payment plan? O $30000 O $120000 O $36987 O $69870