On January 2, Year 1, Gill Co. issued USD2,000,000 of 10-year, 8% bonds at par. The bonds, dated January 1, Year 1, pay interest semiannually on January 1 and July 1. Bond issue costs were USD250,000. What amount of bond issue costs are unamortized at June 30, Year 2 under U.S. GAAP?
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