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MicroDex was carrying the investment at $5,100,000 and sold it to Greenco for $8,000,000. So they...

MicroDex was carrying the investment at $5,100,000 and sold it to Greenco for $8,000,000. So they booked a $2,900,000 gain on the transaction. Microdex didnt book the transation in present value.
Calculate the present value of the note receivable using a 15% interest rate. Using the present value of the note as the only economic benefit received, recalculate the gain or loss on the transaction

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5,100, соох(1.15 $5, 865,0 2,135.00 Actal gain

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