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Straight-Line Method - Premium Given: Face Value = $800,000 Stated Rate = 10% Premium = $24,000 Bond Maturity = 10 years Step 1: Determine the

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Straight-Line Method - Premium Given: Face Value = $800,000 Stated Rate = 10% Premium = $24,000 Bond Maturity = 10 years Step 1: Determine the annual premium amortization Step 2: Determine the entry to record the annual premium amortization

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