PART 1: In YOUR OWN WORDS explain what it means to capitalize interest (i.e. what is the difference between capitalizing interest and expensing interest on the asset value and on the income statement). PART 2: For each of the following scenarios, indicate whether the company would capitalize the interest or not, include as part of your answer the appropriate citatior from the FASB ASC (down to the paragraph level) to support your answer (assume that the interest is material in each of the following scenarios). PART 1: In YOUR OWN WORDS explain what it means to capitalize interest (i.e. what is the difference between capitalizing interest and expensing interest on the asset value and on the income statement). PART 2: For each of the following scenarios, indicate whether the company would capitalize the interest or not, include as part of your answer the appropriate citatior from the FASB ASC (down to the paragraph level) to support your answer (assume that the interest is material in each of the following scenarios)