Question: When a note is issued in exchange for a machine, and interest on the note is not stated: Multiple Choice The machine should be depreciated

When a note is issued in exchange for a machine, and interest on the note is not stated:
Multiple Choice
The machine should be depreciated over the term to maturity of the note.
The note is recorded at its face amount unless the fair market value of the machine is readily available.
When a note is issued in exchange for a machine,

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