Flotation costs-amortized using declining-balance method

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Flotation costs: are amortized using a declining-balance method over the life of the loan. Are amortized using the straight-line method over the life of the loan. Are deducted as a business expense in the year incurred. Cannot be deducted as a business expense. Are deducted as a business expense at the time the loan is repaid in full.

Reference no: EM131980758

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