Question: Please help with this question on current liabilities and explain how you got the answer! QUESTION 1 Use the following information to answer the next

Please help with this question on current liabilities and explain how you got the answer!

Please help with this question on current liabilities and explain how you

QUESTION 1 Use the following information to answer the next 2 questions: On January 1, 2019. Aggie Security Systems purchased a new piece of high-tech security equipment. Aggie financed this purchase by making a cash down payment of $8,000 and agreeing to pay $60,000 at the end of 8 years. Assume interest is compounded annually. The equipment should be recorded on January 1, 2019, at what amount, assuming an appropriate interest rate of 5%. A. $40,620 B. $68,000 C. $46,036 D. $48,620 E. $46,778 QUESTION 2 What is the carrying value of the note on December 31, 2020? A. $42,651 B. $53,604 C. $44,682 D. $45,466 O E. $44,784

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