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Compute the amount of discount amortization on July

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Question - Bolton Corporation issued $1,900,000, 15-year, 8% bonds for $1,729,000 on January 1, 2019. Interest is paid semiannually on January 1 and July 1. The corporation uses the straight-line method of amortization. Bolton's fiscal year ends on December 31. The amount of discount amortization on July 1, 2019, would be

A. $152,000

B. $171,000

C. $11,400

D. $5,700

Reference no: EM132429260

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