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Basil company issued $640,000, 6%, 5 - year bonds for 104, with interest paid annually. Assuming straight - line amortization, what is the carrying value

Basil company issued $640,000, 6%, 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. $665, 600 B. $640,000 C. $660, 480 D. $678, 400

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