On january 1, 2020, west co. exchanged equipment for a $570,000 zero-interest-bearing note due on january 1, 2023. the prevailing rate of interest for a note of this type at january 1, 2020, was 10%. the present value of $1 at 10% for three periods is 0.75.
what is the note receivable recorded on january 1, 2020?
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On january 1, 2020, west co. exchanged equipment for a $570,000 zero-interest-bearing note due on ja...
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