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Some companies may use the straight-line method of computing interest expense and amortizing the discount or premium, rather than the effective interest method. i) what
Some companies may use the straight-line method of computing interest expense and amortizing the discount or premium, rather than the effective interest method.
i) what is the difference between the two methods?
ii) Why is the straight-line method NOT considered acceptable under US GAAP?
iii) Why do some companies use it anyway, even though it is not acceptable?
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