What is the dollar value of interest expense, Accounting Basics

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What is the dollar value of interest expense

Question: On January 1 2018 A Company issues $180,000 face value, 5%, 10-year bonds at 101. Interest paid annually on January 1. A Company uses straight-line method for amortization. What is the dollar value of interest expense for the 2018 fiscal year?

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Accounting Basics: What is the dollar value of interest expense

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Accounting Basics: What is the dollar value of interest expense

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