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Basil Company issued $570,000,8%, 5-year bonds for 104, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one

Basil Company issued $570,000,8%, 5-year bonds for 104, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year? A. $570,000 B. $615,600 c. $592,800 D. $588,240

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