The Period of Time During Which Interest Must Be Capitalized

question 93

Multiple Choice

The period of time during which interest must be capitalized ends when

• A)the asset is substantially complete and ready for its intended use.
• B)no further interest cost is being incurred.
• C)the asset is abandoned, sold, or fully depreciated.
• D)the activities that are necessary to get the asset ready for its intended use have begun.

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