When bonds are issued at a premium and the effective interest method is used for amortization,at each interest payment date,the interest expense:

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When bonds are issued at a premium, the effective interest method is used for amortization to lower the bond's carrying value to its face value over the bond's life. This means that at each interest payment date, the interest expense decreases because the bond's carrying value is decreasing due to amortization.

When Bonds Are Issued at a Premium and the Effective