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Equipment Rental Co. issued $90,000 of 6% bonds on January 1 at a discount of $6,821. Interest expense reported during the year totaled $5,809, while

Equipment Rental Co. issued $90,000 of 6% bonds on January 1 at a discount of $6,821. Interest expense reported during the year totaled $5,809, while amortization amounted to $409.

book value of bonds at end of year?

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