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Stels [109]
3 years ago
8

On January 1, 2020, HD Corp. paid $60,000 and issued a 5-year noninterest bearing note payable with a face value of $120,000 in

exchange for a piece of equipment. The applicable interest rate is 8%. HD Corp depreciates over a straight-line basis and utilizes the effective interest method to record interest expense. The equipment is expected to be in service for 8-years at which point it will be worthless.
Required:
What is the carrying value of the note payable on 12/31/2021?

a. $120,000
b. $88,204
c. $75.136
d. $95.260
e. $89,335
Business
1 answer:
AVprozaik [17]3 years ago
6 0

Answer:

b. $88,204

Explanation:

The computation of the carrying value of the note payable is shown below:

= Present value of the notes + interest

= $120,000 × 0.680583 + ($120,000 × 0.680583 × 8%)

= $81,670 + $6,534

= $88,204

hence, the second option is correct

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3 years ago
Hampton Corporation has a beta of 1.3 and a marginal tax rate of 34%. The expected return on the market is 11% and the risk-free
Maurinko [17]

Answer: 12.5%

Explanation:

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3 years ago
he results for the variable gender show that ______. Multiple Choice gender and months of service are correlated females average
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Answer:

The correct option is:  Males average $222.78 more than females in monthly salary ,

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Parking spaces in multiunit buildings, water rights, and similar things of value that convey with property are classified as
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In real estate, real property is defined as immovable or fixed property, any property attached to the land and even the land itself. This also includes permanent fixtures within the property, that are not personal property and easily moved.

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Appurtenances are important to understand as they can have an effect on landlord and tenant relations as well as that between buyer and seller.

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6 0
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