Business, 27.06.2019 04:10 maxg7988

Answer each of these unrelated questions: (a) gilbert corporation bought new equipment and agreed to pay for it in four equal annual installments of $10,000 beginning at the start of year 1. assuming that a prevailing interest rate of 6% applies to this contract, how much should gilbert record as the cost of the equipment? (b) gilbert corporation purchased a special conveyor system on december 31st of the current year. the purchase agreement stipulated that gilbert should pay $50,000 at the time of purchase and $15,000 at the end of each of the next 5 years. assuming an appropriate interest rate of 10%, at what amount should the company record as the cost of the conveyor system? (

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Answer each of these unrelated questions: (a) gilbert corporation bought new equipment and agreed t...

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