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How do you determine the unamoritized amount in the following problem: On January 1 of Year 1, Drum Line Airways issued $2,700,000 of par value bonds for $2,470,000. The bonds pay interest semiannually on Jan 1 and July 1. The contract rate is 7% while the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortizzed at a rate of $7,667 every six months. The company's Dec. 31, Year 1 balance sheet should reflect total liabilities associated with the bond issuein the amount of?
Additional question - how do you determine the Unamortized amount in this problem?
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Doug purchased a new factory building on January 15, 1987, for $4,000,000. On March 1, 2009, the building was sold. Determine the cost recovery deduction for the year of the sale assuming he did not use the MACRS straight-line method.
in brief explain the difference between credit and
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question-explain why the overhead cost related to website optimization was first divided into two categories unframed
what is the allowable deduction on the $2,000 of interest? Explain your answer and show all calculations.
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