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Basil Company issued $660,000, 6%, 5-year bonds for 108, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds

Basil Company issued $660,000, 6%, 5-year bonds for 108, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year? A. $712,800 B. $660,000 C. $699,600 D. $702,240

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