Current Attempt in Progress\ Novak issued an

8%,10

-year

$1,800,000

bond to build a monorail mass transit system. The city received

$1,578,796

cash from the\ bond issuance on January 1, 2025. The bond yield is

10%

. Interest is paid annually on December 31 of each year. Disclosure\ information about capital assets is reported below.\ Less accumulated depreciation

Novak issued an 8%,10-year $1,800,000 bond to build a monorail mass transit system. The city received $1,578,796 cash from the bond issuance on January 1, 2025. The bond yield is 10%. Interest is paid annually on December 31 of each year. Disclosure information about capital assets is reported below