When using the effective-interest amortization method,the discount amortization is the excess of the calculated interest expense based on the effective interest rate over the interest payment.

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This statement is true. The effective-interest amortization method calculates interest expense based on the effective interest rate, which is higher than the stated interest rate due to the discount on the bond. The discount amortization is the difference between this calculated interest expense and the actual interest payment made.

When Using the Effective-Interest Amortization Method,the Discount Amortization Is the Excess