General molding is building a new plant that will take three years to construct.

D Question 8 1 pts General Molding is building a new plant that will take three years to construct. The construction will be nanced in part by funds borrowed during the construction period. There are signicant architect fees, excavation fees and building permit fees. Which of the following statements is true? 0 The capitalised cost is equal to the contract price to build the plant less any interest on borrowed funds. 0 Excavation fees are capitalised but building permit fees are not. Q Architect fees are capitalised but building permit fees are not. 0 Interest is capitalised during the construction as part of the cost of the building