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.
On one hand, using BitPay Card isn't really using bitcoin. You need to be verified to use it and it seems to be powered by Visa. As far as I can tell, it is no different that using the debit card that is already in my pocket. It's not really an alternative to Visa/MC. There is no real pseudonymity.