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What the amortization amount per year is

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Problem 1: On January 1, 2020, $2,000,000, 10-year, 10% bonds, were issued for $1,943,000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the amortization amount per year is _

a. $5,700
b. $2,850
c. $4,750
d. $19,430

Reference no: EM132750784

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