On January 1, 2021, Baltimore Company issued $200,000 face value, 5%, 10-year bonds at 103. Baltimore uses the straight-line method for amortization. Use this information to determine the dollar value of the annual bond premium amortization. Round your answer to the nearest whole number (no cents).

the dollar value of the annual bond premium amortization is $600

Explanation:

The computation of the dollar value of the annual bond premium amortization is shown below:

Interest paid ($200,000 × 5%) $10,000

Less: premium amortization ($200,000 × 0.03) ÷ 10) -$600

Dollar value of the interest expense $9,400

So, the dollar value of the annual bond premium amortization is $600

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation:

answer; monopolistic competition;