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The straight-line method of amortization of discounts and premiums for long-term notes is allowed by both IFRS and ASPE. reflects the economic reality of the

The straight-line method of amortization of discounts and premiums for long-term notes

is allowed by both IFRS and ASPE.

reflects the economic reality of the loan.

is only allowed by ASPE.

requires more complicated calculations than the effective interest method.

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