Question: NEED HELP WITH THIS QUESTION On January 1, Year 1, the ABC Company purchased a machine and signed a note promising to pay $30,000 in

NEED HELP WITH THIS QUESTION NEED HELP WITH THIS QUESTION On January 1, Year 1, the ABC

On January 1, Year 1, the ABC Company purchased a machine and signed a note promising to pay $30,000 in 3 years, on December 31, Year 3. This amount represents the total amount that ABC will pay in this transaction. The machine is custom made and not easily appraised. ABC's implicit interest rate is 8%. What amount would ABC record in the truck account on the date of purchase January 1. Year 12 (Select one best answer.) 32.400 23,815 25.720 30.000

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