Differences result from interest capitalization

Reference no: EM133360327

Question: a company purchased a truck in exchange for a noninterest-bearing note. the original cost of the truck was recorded on the books at its cash price. this amount is less than the face amount pf the note. the differences result from: interest capitalization, premium on the note payable, depreciation, discounts on notes payable.

Reference no: EM133360327

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