Jackson Peripherals manufactures printers, scanners, and other computer peripheral equipment. In the past, the company purchased equipment used in manufacturing from an outside vendor. In March 2009, Chilton decided to design and build equipment to replace some obsolete equipment. A section of the manufacturing plant was set aside to develop and produce the equipment. Additional personnel were hired for the project. The equipment was completed and ready for use in September. Stewart, who is the CFO, has asked you to prepare a short response to explain the following:

• What costs should be capitalized for a self-constructed asset?
• What are the two alternatives for the inclusion of overhead costs in the cost of the equipment constructed by Jackson?
• Which alternative is generally accepted for financial reporting purposes?
• Under what circumstance(s) would interest be included in the cost of the equipment?

Using proper APA format, support your answers with appropriate scholarly research, examples, and evaluation. Appraise your peers' postings and provide substantive feedback.