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How much is the carrying amount of the receivable

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Question - On January 1, 20x1, ABC Co. sold a transportation equipment with a historical cost of 1,000,000 and accumulated depreciation of 300,000 in exchange for cash of 100,000 and a noninterest-bearing note receivable of 800,000 due on January 1, 20x4. The prevailing rate of interest for this type of note is 12%. How much is the carrying amount of the receivable on December 31, 20x2?

Reference no: EM132886530

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