Solved: Zebra uses the straight-line amortization method what is, Accounting Basics

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Zebra uses the straight-line amortization method what is

Question - On January 1, 2016, Zebra Corp issued 1800 of its 12%, $1000 bonds at 97.9. Interest is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2026. Zebra paid $55000 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?

Please give a detailed explanation.

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Accounting Basics: Zebra uses the straight-line amortization method what is

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