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I need help with these two accounting questions!!! Thanks. Question 16 If the Bonds Payable account has a balance of $700,000 and the Discount on

I need help with these two accounting questions!!! Thanks.

image text in transcribed Question 16 If the Bonds Payable account has a balance of $700,000 and the Discount on Bonds Payable account has a balance of $36,000, what is the carrying value of the bonds? $ Carrying value of the bonds Question 26 (Essay) You are comparing two companies in the same industry. You have determined that Gore Corp. depreciates its plant assets over a 40-year life, whereas Ross Corp. depreciates its plant assets over a 20-year life. Discuss the implications this has for comparing the results of the two companies

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