Generally accepted accounting principles require that interest expense be measured using the straight-line amortization method.

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Quizplus · Accepted Answer

While straight-line amortization method is a common practice, it is not the only acceptable method for measuring interest expense. Other methods include effective interest method and the sum-of-the-years'-digits method. The choice of method depends on the specific circumstances and the nature of the financial arrangement.

Generally Accepted Accounting Principles Require That Interest Expense Be Measured