I need help with a math problem

Mathematics
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A corporation issues $500,000, 8%, 5-year bonds on January 1, 2014, for $479,000. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2014�s adjusting entry is

Nov 19th, 2015

Thank you for the opportunity to help you with your question!

Interest Expense to be Recognized = 500000*8% + (500000 - 479000)/5 = $44200

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Nov 19th, 2015

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