Question: An asset acquired using a long - term note payable always will be recorded at the face amount of the note under which scenario? Multiple

An asset acquired using a long-term note payable always will be recorded at the face amount of the note under which scenario?
Multiple Choice
Interest on the note is not payable until the note is due.
The company expects to use the asset for its entire physical life.
The note is a noninterest-bearing note.
The note payable explicitly requires the payment of interest at a realistic interest rate.

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