When payment for item of property, plant and equipment is beyond normal credit terms, the difference between
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Question:
When payment for item of property, plant and equipment is beyond normal credit terms, the difference between the cash price equivalent and the total payments should be recognized as A. Interest expense of the current year
B. Component of cost of the property, plant and equipment
C. Interest expense over the credit period
D. Interest expense over the life of the asset.
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