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Use fundamental identities to simplify the expression below and then determine which of the following is not equivalent.
Interest Expense
The cost incurred by an entity for borrowed funds, including the expense on bonds, loans, convertible debt, and lines of credit.
Interest Expense
The cost incurred by an entity for borrowed funds, represented as the interest payments due to lenders.
Amortized
The process of gradually reducing the cost (or value) of an intangible asset through systematic charges to expense over its useful life.
Semiannually
Occurring twice a year, or every six months.
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