(Answered) Question - hancockltd buys ten 100 000 10 treasury bonds on

Accounting

Question - HancockLtd buys ten $100 000 10% Treasury bonds on 1 January 2017. The bonds have a five year term and interest payments are made annually. Returns achieved by equivalent debt at the time of purchase was 8% (effective interest rate).

Prepare a schedule showing the amortised cost of the bonds over the five year term.

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