Sears issues bonds with a par value of $138,000 on January 1, 2009. The bond' annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $131,100. Use...

I am needing information on what length of time to amortize an asset over? Is there information on how long to use or does it depend on the asset? For example if you have a vehicle or a computer, how is it decided on the number of years to amortize? Please point me in the correct direction for...

I did my tax return using professional service in the past. last year we amortized the house as part of home office deduction. this year I am doing the tax return myself. I assume we need to know a) remaining value b) method of depreciation (eg. Straight line) ** Am I missing anything...

I have a question that I can't seem to answer. If I have a prepaid insurance on January 1st which benefits me a full calendar year . How do I amortize for 6months on June 30th and how would I list the journal entry . Any assitance would be more than appreciated