Tenax Therapeutics' (TENX) CEO John Kelley on Q3 2015 Results-Earnings Call Transcript.
Debit the cost of the asset and credit the loan account with the capitalized interest. In the example, debit the asset cost and credit the loan account with $50,000. The asset cost available for depreciation at the end of Year One is therefore $1,050,000. Debit the interest expense account and credit the loan account with any interest paid in excess of the interest capitalized. For example, if the total interest paid in the first year was $75,000, debit the interest expense account and credit the loan account with $75,000 minus $50,000, or $25,000.
PIN-based debit purchases of less than $500 will be refunded in cash. â¢ Hybrid debit/credit cards (cards with a major credit card logo) used as a PIN-based debit of $250 or more will be refunded back to the card. Hybrid cards used as a PIN-based debit of less than $250 will be refunded in cash.