Assets that qualify for interest cost capitalization include ________.
A) assets under construction for a company's own use
B) assets not currently being used because of excess capacity
C) assets that are ready for their intended use and acquired through issuance of long-term debt
D) All of the above.

Question

Quizplus · Accepted Answer

Interest cost capitalization is applicable to assets that are under construction for a company's own use, as they are not yet ready for their intended use.

Assets That Qualify for Interest Cost Capitalization Include ________