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Discuss straight-line method of amortization is utilized

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Reference no: EM131781948

On November 1, 2013, Davis Company issued $30,000, seven-year, 6% bonds for $29,328. The bonds were dated November 1, 2013, and interest is payable each November 1 and May 1. How much is the book value of the bonds after the November 1, 2014 interest payment was recorded, assuming the straight-line method of amortization is utilized?

Reference no: EM131781948

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