211. Bond discount should be amortized to comply with

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The expense recognition principle, also known as the matching principle, requires that expenses be recognized in the same accounting period as the revenues they help to generate. When bonds are issued at a discount, the discount represents an additional expense for the company over the life of the bond. Therefore, the discount should be amortized over the life of the bond and recognized as an expense in each accounting period. This ensures that the total cost of borrowing is spread out evenly over the life of the bond, allowing for a more accurate representation of the company's financial performance.