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Oriole Company received proceeds of $905000 on 10-year, 8% bonds issued on January 1, 2019....

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Accounting

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Oriole Company received proceeds of $905000 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $960000, pay interest annually on December 31, and have a call price of 102. Oriole uses the straight lee method of amortization. What is the amount of interest Oriole must pay the bondholders in 20197 $76800 2300 $72400 171300 Tamarisk, Inc. purchased a tractor trader for $159000. Tamarisk uses the units-of activity method for depreciating ts trucks and expects to drive the truck 1000000 miles over its 12-year useful ife. Salvage value is estimated to be $19000. If the truck is driven 54000 miles in its first year, how much depreciation expense should Tamarisk record? 56813 O $7560 $12055 $8586

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