When using the effective-interest amortization method,the discount amortization is the excess of the calculated interest expense over the interest payment.

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This statement is true. When using the effective-interest amortization method, the discount amortization is calculated by subtracting the interest payment from the calculated interest expense. Any excess is then applied to reduce the discount on the bond.

When Using the Effective-Interest Amortization Method,the Discount Amortization Is the Excess