Fauci Corporation bought some equipment for use in its company. The following costs related to the equipment. How much would Faud capitalize related to the equipment? 70,000 900 200 Purchase price of equipment Freight charges to deliver to place of business Insurance costs while delivering equipment to place of business Annual insurance costs after placing in service Initial set up of equipment Maintenance costs Cost to fix broken part 1.200 500 1.000 300 $71.600 $72.700 $71.400 $72.900 Which of the following is correct? U Interest that is borrowed for purposes other than constructing an asset cannot be capitalized. The interest capitalization period begins when a company borrows money to build an asset. A company can capitalize interest on assets being constructed for their own use. All interest costs incurred during the capitalization period are capitalized