Interest on debenture with different rates

[Muhammad Ansar]

Hello|
how to treat interest on debenture if the rates are different for whole period before maturity.
e.g. Debentures of $10,000 with 10% for 2 years and 12% for 3 years
how to treat the interest on debentures in income statement for each year?
Regards,
Muhammad Ansar

 

[kirby]

See ASC 470-10-35-1