Real Estate
Loan Origination Fee Amortization
Monthly amortization of the upfront bank arrangement fee on a property mortgage.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Interest Expense (Effective Rate) | Expense (+) | 250.00 | - |
| Unamortized Loan Costs | Contra-Liability (-) | - | 250.00 |
💡 Accountant's Note
Under IFRS 9, loan arrangement fees are not expensed upfront. They are deducted from the loan carrying value and amortized over the loan term using the effective interest rate method.
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