ACC 304 Experience Tradition / tutorialrank.com ACC 304 Experience Tradition / tutorialrank.com | Page 123
d. Activities that are necessary to get the asset ready for its intended use are in progress.
S42. Which of the following is the recommended approach to handling interest incurred in financing the construction of property, plant and equipment?
a. Capitalize only the actual interest costs incurred during construction.
b. Charge construction with all costs of funds employed, whether identifiable or not.
d. Activities that are necessary to get the asset ready for its intended use are in progress.
S42. Which of the following is the recommended approach to handling interest incurred in financing the construction of property, plant and equipment?
a. Capitalize only the actual interest costs incurred during construction.
b. Charge construction with all costs of funds employed, whether identifiable or not.