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Flotation costs: are amortized using a declining-balance method over the life of the loan. are amortized using the straight-line method over the life of the

Flotation costs: are amortized using a declining-balance method over the life of the loan. are amortized using the straight-line method over the life of the loan. are deducted as a business expense in the year incurred. cannot be deducted as a business expense. are deducted as a business expense at the time the loan is repaid in full.

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