Knowledge Check $01$

Knowledge Check $01$

Interest may be capitalized

Multiple Choice

On routinely manufactured goods as well as self$-$constructed assets.

On self$-$constructed assets from the date an entity formally adopts a plan to build a discrete project.

Whether or not there is specific borrowing for the construction.

Whether or not actual interest costs occurred.

Interest may be capitalized

Multiple Choice

On routinely manufactured goods as well as self$-$constructed assets.

On self$-$constructed assets from the date an entity formally adopts a plan to build a discrete project.

Whether or not there is specific borrowing for the construction.

Whether or not actual interest costs occurred.