6. An asset is being constructed for an enterprise's own use. The asset has been financed with a specific new borrowing. The interest cost incurred during the construction period as a result of expenditures for the asset is (1 Point) interest expense in the construction period. a part of the historical cost of acquiring the asset to be written off over the estimated useful life of the asset. recorded as a deferred charge and amortized over the term of the borrowing a part of the historical cost of acquiring the asset to be written off over the term of the borrowing used to finance the construction of the asset. 7. If the cost of ordinary repairs is capitalized as an addition to the building account during the current year" (1 Point) net income for the current year will be understated total assets at the end of the current year will not be affected stockholders equity at the end of the current year will be understated total liabilities at the end of the current year will not be affected 8. Which of the following is required to be disclosed for each class of assets