The effective-interest method of amortization results in varying amounts of amortization and interest expense per period but a constant interest rate.

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This statement is true. The effective-interest method of amortization involves using a constant interest rate to calculate interest expense each period, but the amount of amortization will vary based on the remaining balance of the asset or liability being amortized.

The Effective-Interest Method of Amortization Results in Varying Amounts of Amortization