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Determine the semiannual amortization amount

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Problem - On January 1, $980,000, five-year, 10% bonds, were issued for $950,600. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize the discount on bonds payable, determine the semiannual amortization amount?

Reference no: EM132805280

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