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On january 1 201 4 the krueger co issued 140000 of 20 -

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On January 1, 201 4 , the Krueger Co. issued $140,000 of 20 - year 8% bonds for $172,000. Interest was payable annually. The effe ctive yield was 6%. The effective interest method was used to amortize the premium. What amount of premium would be amortized for the year ended December 31, 201 5 ?

Reference no: EM13584184

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