On january 1 2009 1000000 5-year 10 bonds were issued for

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On January 1, 2009, $1,000,000, 5-year, 10% bonds, were issued for $960,000. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the semiannual amortization amount is?

Reference no: EM13595818

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