ACC 304 Experience Tradition / tutorialrank.com ACC 304 Experience Tradition / tutorialrank.com | Page 121

40. Interest cost that is capitalized should

a. be written off over the remaining term of the debt.

b. be accumulated in a separate deferred charge account and written off equally over a 40-year period.

c. not be written off until the related asset is fully depreciated or disposed of.

40. Interest cost that is capitalized should

a. be written off over the remaining term of the debt.

b. be accumulated in a separate deferred charge account and written off equally over a 40-year period.

c. not be written off until the related asset is fully depreciated or disposed of.