Answer :
Answer:
The answer is C. $495,000.
Explanation:
the Face amount = $500,000
Discount = $500,000 × 0.06 × 6/12=15,000
Carrying value as at 6/1/2013 = 485,000
Discount amortization (4/6) = 10,000
Carrying value, 9/30/2013 = $495,000
Answer:
The answer is C. $495,000.
Explanation:
the Face amount = $500,000
Discount = $500,000 × 0.06 × 6/12=15,000
Carrying value as at 6/1/2013 = 485,000
Discount amortization (4/6) = 10,000
Carrying value, 9/30/2013 = $495,000