Refer to the previous question. In 1981, Congress allowed S&Ls to sell mortgages at a loss and

Question:

Refer to the previous question. In 1981, Congress allowed S&Ls to sell mortgages at a loss and to amortize the loss over the remaining life of the mortgage. If this were used for the previous question, how would the transaction have been recorded? What would be the annual adjustment? When would that end?