Rusty Corporation Purchased a Rust-Inhibiting Machine by Paying $50,000 Cash

question 123

Multiple Choice

Rusty Corporation purchased a rust-inhibiting machine by paying $50,000 cash on the purchase date and agreeing to pay $10,000 every three months during the next two years.The first payment is due three months after the purchase date.Rusty's incremental borrowing rate is 8%.(FV of $1,PV of $1,FVA of $1,and PVA of $1) (Use the appropriate factor(s) from the tables provided. )
-The machine reported on the balance sheet as of the purchase date is closest to:

• A)$123,255.
• B)$130,000.
• C)$80,000.
• D)$73,255.

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Definitions:

Setbacks

Events or conditions that hinder progress or cause a decline in performance, often temporarily.

Personal Flaws

Individual weaknesses or shortcomings that are often character-based and can impact one's decisions or actions negatively.

Bipolar Disorders

Bipolar disorders are a group of mental health conditions signified by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Population

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