The interest method amortizes an equal amount of discount to Bonds Interest Expense each period.

Name: The interest method amortizes an equal amount of discount to Bonds Interest Expense each period.
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The interest method (also known as the effective interest rate method) amortizes the discount on bonds by applying a constant interest rate to the carrying amount of the bonds at the beginning of each period, resulting in varying amounts of interest expense and amortization over the life of the bonds.

The Interest Method Amortizes an Equal Amount of Discount to Bonds