Annual amortization of discount on bonds payable (bond discount)increases as a bond matures.

Name: Annual amortization of discount on bonds payable (bond discount)increases as a bond matures.
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As a bond matures, the bond discount decreases and as a result, the annual amortization of the bond discount increases. This is because the discount must be gradually reduced over the life of the bond until it reaches zero at the bond's maturity date.

Annual Amortization of Discount on Bonds Payable (Bond Discount)increases as a Bond