The period of time during which interest must be capitalized ends when
A. the asset is substantially complete and ready for its intended use.
B. no further interest cost is being incurred.
C. the asset is abandoned, sold, or fully depreciated.
D. the activities that are necessary to get the asset ready for its intended use have begun.
Answer:A
The period of time during which interest must be capitalized ends when
A. the asset is substantially complete and ready for its intended use. B. no further interest cost is being incurred. C. the asset is abandoned, sold, or fully depreciated. D. the activities that are necessary to get the asset ready for its intended use have begun.