Calculate the semiannual amortization amount


On January 1, 2011, $969,000, 5-year, 10% bonds, were issued for $939,930. 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, what is the semiannual amortization amount?

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Accounting Basics: Calculate the semiannual amortization amount
Reference No:- TGS0720799

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