M 4. Lump-sum purchase 5. Capitalized interest # + 1. Historical cost 2. Capitalization 3. Self-constructed asset <<<< 6. Asset retirement obligation 7. Accretion expense 8. Addition + 9. Repairs 10. Disposal of fixed asset + 11. Commercial substance 12. Equipment 13. Noninterest-bearing note + 14. Donated fixed assets 15. Qualifying assets a. Issued as one way to finance fixed asset acquisitions. b. Expansion of an existing asset requiring capitalization and depreciation c. Expensed over the life of the related fixed asset. d. Requires an update to depreciation expense. e. Requires a credit to revenue at the fair value of the asset. f. Type of transaction, which changes future cash flows. g. Value must not exceed fair value. h. Requires cost allocation based upon relative fair value of individual assets i. Guiding accounting principle for recording fixed assets. J. Discrete construction projects for sale, lease, or for internal usage. k. Increase in an asset retirement obligation for a period. 1. Exp