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Compute the amortization amount per year

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Question - On January 1, 2020, $2,000,000, 10-year, 10% bonds, were issued for $1,943,000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, compute the amortization amount per year?

a. $5,700

b. $2,850

c. $4,750

d. $19,430

Reference no: EM132755729

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