What amount of bond amortization for each six month period, Accounting Basics

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What amount of bond amortization for each six month period

Problem

Towson Corporation issued $100,000 of 6% ten year bonds at 102 on the semi-annual interest date. Towson uses the straight line method to amortize any bond premium or discount. What is the amount of bond amortization for each six month period?

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Accounting Basics: What amount of bond amortization for each six month period

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Accounting Basics: What amount of bond amortization for each six month period

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