Question: Question #5 ammoritization table Specific transactions during 20x2: (continued) 5) New fitness equipment puro plus a non-interest bearing for the new fitness equipment. nt was

Question #5 ammoritization table

Specific transactions during 20x2: (continued) 5) New fitness equipment puro plus a non-interest bearing for the new fitness equipment. nt was purchased on July 1, 20x2. Terms of purchase: An initial cash payment note payable (refered to as "Note Payable "B") were issued in exchange (ref Initial cash payment: Maturity value of non-interest bearing note: Term of note (in number of years): Annual interest rate considered appropriate in circumstances: 44,000 366,000 4 6% DEPRECIATION of new fitness equipment: Estimated life (in number of years ) The residual value (as a percentage of original cost) is estimated at: 10%

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