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Basil Company issued $ 6 0 0 , 0 0 0 , 1 0 % , 5 - year bonds for 1 0 4 ,

Basil Company issued $

600, 000, 10 %, 5 -

year bonds for

104,

with interest paid annually. Assuming straight

-

line amortization, what is the carrying value of the bonds after one year?

.

619, 200

.

624, 000

.

600, 000

.

660, 000

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