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.
For one, the government is yet to regulate the prepaid debit-card transaction fees charged to merchants. Credit cards and bank debit cards, on the other hand, face limits imposed by the Durbin Amendment of the Dodd-Frank Act since October 2011, making them less profitable to the issuers.