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What is the value of the non-interest-bearing note

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Question - On January 1, 2018, PT XYZ sold 50 trucks at a price of Rp.30,000,000,000 and owned accumulated depreciation of Rp. 20,000,000,000 on the date of sale. PT XYZ received debt securities worth Rp. 15,000,000,000 due on January 1, 2023. There is no known market price and non-interest-bearing notes. The interest rate that applies to these similar promissory notes on the 1st January 2018 is 5%.

Required -

a. What is the value of the non-interest-bearing note received by the company?

b. Did the company get profit or loss from the transaction? How many the amount of profit or loss from truck sales that must be recorded by the company from above data?

Reference no: EM132536381

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