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

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When using the effective-interest amortization method, the discount amortization is the excess of the interest payment over the calculated interest payment. This is because the calculated interest payment includes both the interest expense and a portion of the discount amortization, whereas the actual interest payment only includes the interest expense.

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