The face value of the bond will fluctuate over its life.

Accounting For Bond Amortization The face value of the bond will fluctuate over its life. Increased by accrued interest from July 1 to December 1. Decreased by accrued interest from July 1 to December 1. College, and Joyce Strawser Baruch College, CUNY. Decreased by accrued interest from June 1 to July 1.