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20. Assume the following: Face amount of bonds 2,000,000 Acquisition cost on January 1, 2020 1,800,000 Annual installment on December 31, 2020 And every December
20. Assume the following: Face amount of bonds 2,000,000 Acquisition cost on January 1, 2020 1,800,000 Annual installment on December 31, 2020 And every December 31 thereafter 500,000 Date of bonds January 1, 2020 Interest payable semiannually on June 30 and Dec 31 12% Method of amortization Bond Outstanding Compute the carrying amount of the bond investment on December 31, 2021
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