3. Which of the following statements regarding accounting for the acquisition of property, plant and equipment is incorrect? a. Asset acquisition costs that are not expensed immediately are referred to as capital expenditures. in. Capital expenditures are expenditures that increase the company's investment in productive facilities c. 1When the construction of a building is complete, the cost of interest is recorded as interest expense. d. When purchasing land, the cost for clearing, draining, lling and grading should he charged to a Land Improvements account