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A company issues $25450000, 5.8%, 20-year bonds to yield 6% on January 1, 2024. Interest is paid on June 30 and December 31. The
A company issues $25450000, 5.8%, 20-year bonds to yield 6% on January 1, 2024. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24861729. What is interest expense for 2025 if the straight-line method of amortization is used? (Round intermediate values to 3 decimal places, e.g. 22.555.)
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
538480289, 978-0538480284
