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.
Debit card. A debit card looks just like a regular ATM card, and you can use it at ATMs. The difference is that a debit card has a VisaÂ® or MastercardÂ® logo on its face. That means you can use a debit card wherever VisaÂ® or MastercardÂ® debit cards are accepted, for example, department stores, restaurants, or online. Credit card. A debit card is not a credit card. When you use a debit card, the money is deducted from your checking account. With a credit card, youâre borrowing money to be repaid later. ATM and debit cards allow you to use ATMs, a safe and convenient way to manage your money.