y , U21, Music AT d exchange for a new machine. The note is to be paid in four equal payments of $1,574,210 at the end o each year. The payments include interest at the rate of 9%. 14. Interest expense will be recorded at December 31, 2021 for: A. $1,324,981 B. $1,115,210 C. $249,229 D. $459,000 15. By how much will the carrying value decrease when the first payment is made? A. $1,574,210 B. $459,000 C. $1,115,210 D. $358,631 16. What is the carrying value at December 31, 2022? A. $2,769,211 B. $5,100,000 C. $3,984,790 D. $1.951.580

y , U21, Music AT d exchange for a new machine. The note is to be paid in four equal payments of $1,574,210 at the end o each year. The payments include interest at the rate of 9%. 14. Interest expense will be recorded at December 31, 2021 for: A. $1,324,981 B. $1,115,210 C. $249,229 D. $459,000 15. By how much will the carrying value decrease when the first payment is made? A. $1,574,210 B. $459,000 C. $1,115,210 D. $358,631 16. What is the carrying value at December 31, 2022? A. $2,769,211 B. $5,100,000 C. $3,984,790 D. $1.951.580

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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