Multiple Choice Question The journal entry to record the purchase of an asset in exchange for $100,000 due in 3 years at a market rate of interest of 12% compounded annually includes a debit to the asset in the amount of _ $100,000 the future value of the $100,000 discounted at 12% for 3 years the future value of the $100,000 discounted at 36% for 1 period the present value of the $100,000 discounted at 36% for 1 period the present value of $100,000 discounted at 12% for 3 years