In practice, under the cost$/$amortized cost method and ASPE, any discount or premium on a bond investment is

required to be recognized and reported separately and amortized using the straight$-$line method. required to be recognized and reported separately and amortized using the effective interest rate method. not recognized or reported separately; amortized using the effective interest method.

not recognized or reported separately; amortized using either the straight$-$line or effective interest method.