# ASC 835-30-10: Interest — Imputation of Interest — 10 Objectives

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/835/30/#10-objectives)

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## ASC 835-30-10: 10 Objectives

[Read section](https://asc.understandingaccounting.org/asc/835/30/#10-objectives)

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##### [835-30-10-1](https://asc.understandingaccounting.org/asc/835/30/#835-30-10-1)

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The objective of the guidance in this Subtopic is to approximate the rate for a note that would have resulted if an independent borrower and an independent lender had negotiated a similar transaction under comparable terms and conditions with the option to pay the cash price upon purchase or to give a note for the amount of the purchase that bears the prevailing rate of interest to maturity.