At maturity,the premium 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

When the premium on bonds payable is amortized to zero, the carrying value of the bonds will be equal to their face value. This happens at maturity because all premiums and discounts are amortized over the life of the bonds, which means that by the time they mature, the carrying value will have been adjusted to equal the face value.

At Maturity,the Premium on Bonds Payable Will Have Been Amortized