On January 31, 2016, Manning Company acquired a new machine by paying $40,000 cash and agreeing to pay $20,000 annually for four years, beginning on January 31, 2017. Assuming an interest rate of 10%, Manning should record the acquisition cost of the machine on January 31, 2016, at
A) $120,000.
B) $109,737.
C) $103,397.
D) $102,092.
C
You might also like to view...
Which of the following is a brand and product line strategy?
A) product differentiation B) brand differentiation C) bundling and unbundling D) brand identity E) low cost of purchase
________ are state laws that require certain types of contracts to be in writing.
A. Uniform Computer Information Transactions Act B. Electronic Communications Privacy Act C. Uniform Get It In Writing Statutes D. Statutes of Frauds
Which of the following is not true about the drafting phase?
A) Avoid rushing through. B) Go with the flow of your ideas. C) Do not worry about style, correctness, or format. D) Separate drafting from revising. E) Remember that writing and rewriting are most effective when done together.
During the harvest, the horse and llamas are herded up to the orchard where they are loaded down with fresh-picked fruit. Some of the fruit is taken to the pond to feed the catfish and the remainder is crated up underneath the shade trees
What is the shortest route to those locations; provide distance and the path?