Some businesses construct capital assets for their own use. What costs should be capitalized for these assets?

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Some businesses construct capital assets for their own use. What costs should be capitalized for these assets? Explain what policy to follow for
(a) General company overhead,
(b) Costs of construction in excess of the purchase price of an equivalent asset from an outsider, and
(c) Interest on construction loans
(d) Incidental revenues and expenses.
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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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