Our company buys a machine for 500.000 euros. We agree with the supplier 4 defer...
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Our company buys a machine for 500.000 euros. We agree with the supplier 4 deferred payments of 150.000 euros each. The amortised cost table is as follows. If we do monthly accounting, what would be the interest entry in 31/12/2012?
| Date | Interest | Payment | Principal amortised | Amortised Cost |
| 01/04/2011 | 500.000 | |||
| 01/04/2012 | 38.569 | 150.000 | 111.431 | 388.569 |
| 01/04/2013 | 29.973 | 150.000 | 120.027 | 268.542 |
| 01/04/2014 | 20.715 | 150.000 | 129.285 | 139.257 |
| 01/04/2015 | 10.742 | 150.000 | 139.258 |
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