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QUESTION
r remaining life of old debt, Amortize over the life of the new debt issue, or Recognize in the period of extinguishment) which makes practical sense?...
Out of these three methods (Amortize over remaining life of old debt, Amortize over the life of the new debt issue, or Recognize in the period of extinguishment) which makes practical sense? State reasons for and support your rationale. Is your preferable method one of the generally accepted methods? If not, why is “your preferred method” not generally accepted?
