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On November 1, 2015, Davis Company issued $30,000, five-year, 8% bonds for $29,560. The bonds were dated November 1, 2015, and interest is payable each

On November 1, 2015, Davis Company issued $30,000, five-year, 8% bonds for $29,560. The bonds were dated November 1, 2015, and interest is payable each on May 1 and November 1. Davis uses the straight-line method of amortization. How much is the amount of discount amortization on each semi-annual interest date?

$440.

$44.

$220.

$88.

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