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Bond Amortization: Requirement: Amortize bond discount over a specified period. Question: A company issues bonds with a face value of $100,000 at a discount of

·Bond Amortization:

Requirement: Amortize bond discount over a specified period.
Question: A company issues bonds with a face value of $100,000 at a discount of $5,000. The bonds mature in 5 years. Calculate the annual amortization of the bond discount.

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