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Straight-Line Method
A method of calculating depreciation or amortization by evenly distributing the cost of an asset over its useful life.
Premium on Bonds Payable
The excess amount over the face value for which a bond is sold, indicating that it was issued at a higher rate than its nominal value.
Discount on Bonds Payable
The difference by which a bond's market price is less than its principal amount or face value, effectively increasing the bond's yield.
Straight-Line Method
A method of depreciation where an asset's cost is evenly allocated over its useful life.
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