Some businesses construct capital assets for their own use. What costs should be capitalized for these assets?
Question:
(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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Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
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