Which of the following is included in the cost of constructing a building?
A)Cost of paving a parking lot
B)Cost of repairing vandalism damage during construction
C)Interest incurred during construction
D)Cost of removing the demolished building that existed on the land when it was purchased

Question

Quizplus · Accepted Answer

Interest incurred during construction is capitalized as part of the cost of constructing a building, as it is directly attributable to the construction process.

Which of the Following Is Included in the Cost of Constructing