If the straight-line method of amortization of discount on bonds payable is used, the amount of yearly interest expense will increase as the bonds approach maturity.

Name: If the straight-line method of amortization of discount on bonds payable is used, the amount of yearly interest expense will increase as the bonds approach maturity.
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Under the straight-line method of amortization of discount on bonds payable, the amount of interest expense remains constant over the life of the bonds.

If the Straight-Line Method of Amortization of Discount on Bonds