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how to determine present value of the note? also how to do the journal entry for purchase of plant asset? how to do both parts? thank you

On December 31, 2022 the Gumman Corporation icoyired a custom-made plant asset by insaing a promissory note with a lace vabod of 5600,000 , a doe date of Docember 31,2028 , and a stated (coupon) rate of intarest of 6% (1) (thick the icon to vies addional inlormation) Requirersent Determine the pasent yakie of the rioter and prepare the journal entyy to rocord the thamgaction for cirzmar Corporation Qientitint whole collar Present value of the note * Record the oounal antiy for purchase of the plam assat. (Record deblis fint, then crodits. Exclude oxplanation: from any fyurnal entrieti. Round your inturmediay and finat answers to the nearest whole dollar.) On December 31, 2022 the Gusman Corporation acquired a custom-made plant with a tace value of 5600,000 , a due date of Becember 31,2028 , and a stated (0) (i) (Cick the icon 10 vaw addibnal intomation) Detorimine the mesent value of the note and pamgare the foumationtri lo recond tf Requirement More info Interest is compounded annesally and is piyatle at the end on each year. The fair value of the customited asset is not cesdly, detiminable and the note recelvable is not publicly traded. Given the company binoremtettai bourroving rate and cuerent market condifions, the imputed rate of inlarest for the nota is eitiminted as 10% (Click thin lean ta wiuw adchliondi informathon) quirernent: stiporatinn. wholo dobst 1 Pitadent value: of the note =

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