Lester Corporation Purchased Equipment with a Fair Value of $150,000

Multiple Choice

Lester Corporation purchased equipment with a fair value of $150,000 on a 6 percent note.The note requires four end-of-year payments of $43,290.What would be the carrying value of the note immediately after the first payment.

A) $106,710
B) $115,710
C) $141,000
D) unable to determine from the information given