Hillsborough Glassware Company is issuing $1,123,000 of its 10-year bonds at 15%, down from 95 on February 28, 2017. The bonds pay interest on February 28 and August 31. Suppose Hillsborough uses the straight-line method of depreciation for depreciation. What net amount will be reported for bonds on the 31st August 2017 balance sheet?

Answer rating: 100% (QA)

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