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Cathy Company purchased an existing building and self-constructed another building. Both buildings were financed with debt. Interest costs are considered part of the costs
Cathy Company purchased an existing building and self-constructed another building. Both buildings were financed with debt. Interest costs are considered "part of the costs of acquiring an asset" and are included as part of the asset's cost when the asset is: Purchased with debt Yes Purchased with debt Yes Self-constructed No Self-constructed O Purchased with debt No Purchased with debt No Yes Self-constructed Yes Self-constructed No
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