Carerra Ltd. sold $500,000 worth of 5-year 5% bonds on December 31, 2020, at 101....
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Carerra Ltd. sold $500,000 worth of 5-year 5% bonds on December 31, 2020, at 101. Interest is payable annually (on 12/31) and the bonds have a call price of 101.5 at the end of the 4th year. Carerra uses the straight-line method of amortization.
How much interest expense will Carerrareport for 2021?
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