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If $150,000 face value bonds are issued at 103, the proceeds received will be $103,000.
Cost
The value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore.
Revaluation
An adjustment of the value of an asset to reflect its current market value rather than its cost value.
Useful Life
The estimated period over which an asset is expected to be usable by a company before it is fully depreciated.
Depreciation
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.
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