When a bond has been issued at a discount,the carrying value at the end of one period is equal to the carrying value at the beginning of the period minus the amount of discount that was amortized during the period.

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When a bond is issued at a discount, the carrying value at the end of one period is equal to the carrying value at the beginning of the period plus the amount of discount that was amortized during the period. The amortization of the discount increases the carrying value of the bond over time until it reaches its face value at maturity.

When a Bond Has Been Issued at a Discount,the Carrying