sandhill company receives a three-year, $12,000, zero-interest-bearing note, and the related present value with a market interest rate of 9% is $9266.16. The total discount of $2,733.84 under the straight-line method is amortized over the three-year period in equal amounts each year. Therefore, the annual amortization is ?

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The present value of the note is 926616 which represents the amou... View the full answer