Business, 12.06.2020 23:57 victoria6929

On December 31, 2020, Marigold Corp. sold for $150000 an old machine having an original cost of $258000 and a book value of $108000. The terms of the sale were as follows: $42000 down payment $54000 payable on December 31 each of the next two years The agreement of sale made no mention of interest; however, 7% would be a fair rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December 31, 2020 rounded to the nearest dollar

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On December 31, 2020, Marigold Corp. sold for $150000 an old machine having an original cost of $258...

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