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GAAP requires use of the effective interest method of bond amortization when.. O the effective interest rate is less than the straight line result o

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GAAP requires use of the effective interest method of bond amortization when.. O the effective interest rate is less than the straight line result o when the interest expense amount is materially different from the interest expense calculated under the straight-line method Othere is no material difference between the result produced by the straight line method in comparison with the effective interest method the bond matures in more than 5 years

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