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Part $1$

Basil Company issued$$ $$580,000,8\%,5$year bonds for$105,$ with interest paid annually. Assuming straightline $$amortization$,$ what is the carrying value of the bonds after one$$ year?

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Part $1$

A$.$

$$$$603,200$

B$.$

$$$$580,000$

C$.$

$$$$609,000$

D$.$

$$$$626,400$