Which of the following is NOT true about capitalizing interest under U.S. GAAP?

		U.S. GAAP requires companies have a construction loan in order to capitalize interest.
		U.S. GAAP requires capitalization stop when the asset is substantially ready to use.
		U.S. GAAP requires construction to begin before interest can be capitalized.
		U.S. GAAP requires payments on construction to be made before interest can be capitalized.

Jones Co. recently sold a piece of equipment. Which of the following journal entries would be most appropriate for recording the sale?

		Debit to cash
		Credit to Loss on Sale
		Credit to Accumulated Depreciation
		Debit to Equipment