Homework Answers
1) Amount of interest pay = Face value of bonds*Interest rate
= 960000*8%
Amount of interest pay = 76800
So answer is a) $76800
2) Depreciation expense = (159000-19000)/1000000*54000 = 7560
So answer is b) $7560
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par common stock. Madison records interest by the straight-line
method.
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