$13\mathrm{.}3$ Long$-$Term Notes Payable

The present value of a zero$-$interest$-$bearing note given for property, goods, or services should be measured bythe book value of the property on the seller's books the interest rate on similar notes being offered in the market place for similar property, goods, or services.using the prime interest rate to discount the note.the fair value of the property, goods, or services or by an amount that reasonably approximates the fair value of the note.using a negotiated interest rate between the issuer of the note and the owner of the property, goods, or services to discount the note.