At maturity, the discount on bonds payable will have been amortized to zero, and the bonds' carrying value will be the face value of the bond.

Question

Quizplus · Accepted Answer

This is true because the discount on bonds payable is amortized over the life of the bond until it reaches zero at maturity. At that point, the carrying value (or book value) of the bond will equal the face value of the bond.

At Maturity, the Discount on Bonds Payable Will Have Been