Business, 19.07.2021 19:20 adeliabujang8881

Polo Publishers purchased a multi-color offset press with terms of $65,000 down and a noninterest-bearing note requiring payment of $40,000 at the end of each year for five years. The interest rate implicit in the purchase contract is 11%. Polo would record the asset at: . A. $147,836.
B. $240,234.
C. $105,000.
D. $212,836.

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