Perdue Company Has Purchased Equipment That Requires Annual Payments of $30,000

question 27

Multiple Choice

Perdue Company has purchased equipment that requires annual payments of $30,000 to be paid at the end of each of the next six years.The appropriate discount rate is 12%.What amount will be used to record the equipment?

• A)$180,000
• B)$123,342
• C)$165,772
• D)$115,650

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