EXERCISE 14-6 - 43,255.20 2,870,234.40 Dec. 31, 2012...

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EXERCISE 14-6 (15–20 minutes) Schedule of Discount Amortization Straight-Line Method Year Cash Paid Interest Expense Discount Amortized Carrying Amount of Bonds Jan. 1, 2010 $2,783,724.00 Dec. 31, 2010 $300,000 $343,255.20 $43,255.20* 2,826,979.20 Dec. 31, 2011 300,000 343,255.20
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Unformatted text preview: 43,255.20 2,870,234.40 Dec. 31, 2012 300,000 343,255.20 43,255.20 2,913,489.60 Dec. 31, 2013 300,000 343,255.20 43,255.20 2,956,744.80 Dec. 31, 2014 300,000 343,255.20 43,255.20 3,000,000.00 *$43,255.20 = ($3,000,000 $2,783,724) 5....
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