Uses the straight-line amortization method

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On January 1, 2016, Zebra Corporation issued 1,400 of its 11%, $1,000 bonds at 98.5. Interest is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2026. Zebra paid $55,000 in bond issue costs. Zebra uses the straight-line amortization method. What is the bond book value reported in the December 31, 2016, balance sheet?

Reference no: EM131208539

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