INTEREST METHOD - (1) Under the interest method of amortization, an amount of interest equal to the carrying amount of the investment times the effective interest rate is calculated for each accounting period.
The method used to figure out the amount of interest.
and my wife and i skied a lot when we first got married and the children came along when they're real little they can't really participate and i guess i was paying more on insurance and maintenance than i was getting out of it and i sold it