method instructions (Hond Theory. Amortization and Gain or Los Recognition) af menuined method of amortizing a premium or discount on suance of bonds is the effective DULO I, 3, 4Writing amortization computed using the effective interest method, and why and how do amounts wed using the effective interest method provide financial statement readers useful information our the cost of borrowing? Part II: Gains or losses from the early extinguishment of debt that is refunded can theoretically be Ved for in three ways: 1. Amortized over remaining life of old debt. 2 Amortized over the life of the new debt issue. 1. Resognized in the period of extinguishment. Instructions Develop supporting arguments for each of the three theoretical methods of accounting for gains and Kisses from the early extinguishment of debt. A Which of the methods above is generally accepted under IFRS and how should the appropriate amount of gain or loss be shown in a company's financial statements? method instructions (Hond Theory. Amortization and Gain or Los Recognition) af menuined method of amortizing a premium or discount on suance of bonds is the effective DULO I, 3, 4Writing amortization computed using the effective interest method, and why and how do amounts wed using the effective interest method provide financial statement readers useful information our the cost of borrowing? Part II: Gains or losses from the early extinguishment of debt that is refunded can theoretically be Ved for in three ways: 1. Amortized over remaining life of old debt. 2 Amortized over the life of the new debt issue. 1. Resognized in the period of extinguishment. Instructions Develop supporting arguments for each of the three theoretical methods of accounting for gains and Kisses from the early extinguishment of debt. A Which of the methods above is generally accepted under IFRS and how should the appropriate amount of gain or loss be shown in a company's financial statements