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Nicholas Limited has $800 000 of 20-year debentures payable outstanding. These debentures had a discount of $56 000 when issued 7 years ago. The business

Nicholas Limited has $800 000 of 20-year debentures payable outstanding. These debentures had a discount of $56 000 when issued 7 years ago. The business uses the staight-line amortisation method. The carrying amount of these debenture is

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