Interm G Interm Ex * Tax Fu Mail - + le moodle.iup.edu/mod/quiz/attempt.php?attempt=9485988... OC.C O D.D. 3.00 Which of the following is one of the theoretical arguments in favor of capitalizing interest during construction? A. The cost of borrowed funds is necessary to obtain the benefits from the fixed asset, so the interest on these funds should be considered part of the cost of the fixed asset. B. It is consistent with the treatment of all other interest costs, such as interest on cash borrowed to purchase inventory or to purchase fixed assets C. It provides the most faithful representation of the economic cost of the fixed asset. D. Interest is the price paid for borrowing funds for a period of time, and the benefit received is the availability of the funds. Select one COO When a company purchases land with a building on it and immediately tears down the buildinn so that the lands