Under the effective- interest method of amortizing bond discount, the interest expense recorded for each semiannual interest payment:

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Under the effective-interest method, the interest expense is calculated based on the carrying amount of the bond and the market interest rate at issuance. As the bond discount is amortized, the carrying amount increases, leading to an increase in interest expense over time.

Under the Effective- Interest Method of Amortizing Bond Discount, the Interest