Question: 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

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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