According to the given values in the question:
The Amortization period is:
= [tex]8 \ years\times 12 \ months[/tex]
= [tex]96 \ months[/tex]
Number of months of Amortization is:
= [tex]3 \ months \ in \ 2020+(4 \ years\times 12 \ months)[/tex]
= [tex]3+48[/tex]
= [tex]51 \ months[/tex]
Now,
On bonds payable, the premium will be:
= [tex]Issue \ price - Face \ value[/tex]
= [tex](100000\times 103 \ percent)- 100000[/tex]
= [tex]103000-100000[/tex]
= [tex]3000[/tex] ($)
The Unamortized premium will be:
= [tex]Premium - Unamortized \ premium[/tex]
= [tex]3000-(3000\times \frac{51}{96} )[/tex]
= [tex]3000-1593.75[/tex]
= [tex]1406.25[/tex] ($)
hence,
The carrying value as of December 31, 2024 will be:
= [tex]100000+1406.25[/tex]
= [tex]101406.25[/tex] ($)
Learn more about the bond carrying value here:
https://brainly.com/question/20630991
