---
kind: "section"
citation: "18 C.F.R. § 367.4280"
title: "18"
number: "367.4280"
heading: "Account 428, Amortization of debt discount and expense."
url: "https://uscodex.org/cfr/18/367.4280"
---

# §367.4280. Account 428, Amortization of debt discount and expense.

- (a) This account must include the amortization of unamortized debt discount and expense on outstanding long-term debt. Amounts charged to this account must be credited concurrently to accounts 181, Unamortized debt expense ([§ 367.1810](/cfr/18/367.1810.md)), and 226, Unamortized discount on long-term debt—Debit ([§ 367.2260](/cfr/18/367.2260.md)).
- (b) This account must be kept or supported so as to show the debt discount and expense on each class and series of long-term debt.

## Notes

### Authority

Authority: 15 U.S.C. 717 et seq., 16 U.S.C. 791a et seq., and 42 U.S.C. 16451-16463.

### Source

Source: Order 684, 71 FR 65226, Nov. 7, 2006, unless otherwise noted.