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Business, 21.02.2020 02:25 mckinneypaige9544
Debt is frequently incurred when plant assets are acquired. For example, debt may be incurred on the purchase of plant assets. Debt may also be incurred during the construction of plant assets. How is the interest in these two cases treated for financial reporting?
Debt for purchase Debt during construction
A. capitalize capitalize
B. expense expense
C. capitalize expense
D. expense capitalize
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Debt is frequently incurred when plant assets are acquired. For example, debt may be incurred on the...
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