Question
One financial accounting issue encountered when a company constructs its own plant is whether the interest cost on funds borrowed to finance construction should be
One financial accounting issue encountered when a company constructs its own plant is whether the interest cost on funds borrowed to finance construction should be capitalized and then amortized over the life of the assets constructed. What is the justification for capitalizing such interest?
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp, Loreen Knapp
4th Edition
0324048610, 9780324048612
