A company that borrows money to construct its own building generally should include the interest paid on

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A company that borrows money to construct its own building generally should include the interest paid on the loan during the construction period in the cost of the building. Why?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 04:48 AM

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A company that borrows money to construct its own building generally should include the interest paid on

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Interest expense is included in the cost of the building capitalized because i...View the full answer

Accounting concepts and applications

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