Question: VC purchased a machine for use in operations at a quoted price of 35120. The full payment was the cash of 8000 plus a two-year

  1. VC purchased a machine for use in operations at a quoted price of 35120. The full payment was the cash of 8000 plus a two-year noninterest-bearing note for 27121. The market rate of interest for this note is 8 percent VC should record the cost of the machine as rounded to the nearest dollar.

  3. a. 31250 

  5. b. 23250 

  7. c. 32950 

  9. d. 35000

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