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Bond Issuance Cost Amortization (EIR Method)
Amortizing the bond issuance costs into interest expense each month.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Interest Expense (EIR Issuance Cost Component) | Expense (+) | 33,333.00 | - |
| Bond Issuance Costs (Deferred — Amortized) | Asset (-) | - | 33,333.00 |
💡 Accountant's Note
JOD 2M issuance costs on a 5-year bond amortize at JOD 33,333/month. This additional interest expense ensures the carrying amount of the bond converges to its nominal value at maturity.
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