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Determine the monthly amortization amount

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Question - Listen On January 1, 2012, $1,000,000, 10-year, 10% bonds, were issued for $1,060,000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize premium on bonds payable, determine the monthly amortization amount?

Reference no: EM133168341

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