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Unamortized Market Discount (Mkt Dis) is not a stored value in Eagle but is displayed as a balance in the example below for illustrative purposes.

Example 3: Loss

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Factor is

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Less Than the

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Amount of

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Unamortized Discount (Excluding Deferred Amortization)

Apply full unit reduction as a decrease in quantity and do not impact the remaining amount of deferred market discount.

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Prior Cost Reduction

Prior Def Mkt Discount Reduction

0

0

Example 4: Loss

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Factor is

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Greater than the

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Amount of

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Unamortized Discount but

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Less than the

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Total of

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Unamortized Discount and Deferred Market Discount

Apply loss factor as a reduction of quantity and reduce deferred market discount for the amount of loss factor that is greater than the unamortized discount.

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Prior Cost Reduction

Prior Def Mkt Discount Reduction

0

12,000

Example 6: Loss Factor is Greater

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Than the Total Unamortized Discount and Deferred Market Discount

Apply loss factor as a reduction of quantity and reduce deferred market discount to zero. The remaining loss factor results in a realized capital loss.

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Prior Cost Reduction

Prior Def Mkt Discount Reduction

5,000

15,000

Loss Recovery - Continuation of

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Example 6

Recovery factor reverses prior losses, then increases the deferred market discount by the remaining recovery amount.

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