Patriots Inc. has just hired a new controller who has capitalized the avoidable interest costs related to the construction of a new building. As the business owner you disagree and believe the interest should be expensed and you can not find any information in the notes to the financials explaining this. Patriots Inc. follows IFRS. What is the correct treatment? The owner is correct; the interest costs should be recorded as interest expense. This is the correct treatment. The controller is correct in his approach. The controller is using the correct treatment; however, IFRS requires that the amount capitalized must also be disclosed. O Both the owner and the controller are correct, IFRS allows a choice of either method.