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Question

The following partial amortization schedule is available for Courtney Company who sold $500,000, five-year, 10% bonds on January 1, 2014 for $520,000 and uses annual straight-line amortization.

BOND AMORTIZATION SCHEDULE
Interest Periods	Interest to be paid	Interest expense	Premium Amortization	Unamortized Premium	Bond Carrying Value
January 1, 2014				$20,000	$520,000
January 1, 2015	(i)	(ii)	(iii)	(iv)	(v)

Which of the following amounts should be shown in cell (v)?