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On January 1, 2021, Baltimore Company issued $200,000 face value, 5%, 5-year bonds at 102. Baltimore uses the straight-line method for amortization. Use this information

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On January 1, 2021, Baltimore Company issued $200,000 face value, 5%, 5-year bonds at 102. Baltimore uses the straight-line method for amortization. Use this information to determine the dollar value of the annual bond premium amortization. Round your answer to the nearest whole number (no cents)

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