$($###$14)$No chat gpt answers & don't copy from chegg or else I'll give $5$ downvotes

A company issues bonds with a face value of $$1$ million at a discount of $$50,000.$ Over the life of the bonds, the discount will be:

A$)$ Expensed entirely in the year of issuance

B$)$ Amortized as interest expense

C$)$ Treated as a reduction of the bonds payable liability

D$)$ Not recognized on the financial statements