Multiple Choice
Interest cost that is capitalized should
A) be written off over the remaining term of the debt.
B) be accumulated in a separate deferred charge account and written off equally over a 40-year period.
C) not be written off until the related asset is fully depreciated or disposed of.
D) none of these.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: Fences and parking lots are reported on
Q30: Special assessments for local improvements such as
Q83: During 2007, Aber Corporation constructed assets costing
Q84: Use the following information for questions <br>Equipment
Q85: Hackleman Company is constructing a building.Construction began
Q89: Carly Corporation purchased a new machine on
Q92: When a plant asset is acquired by
Q93: The period of time during which interest
Q123: The debit for a sales tax properly
Q124: When an ordinary repair occurs, several periods