Which of the following is included in the cost of constructing a building?
A)Cost of paving a parking lot.
B)Cost of repairing vandalism damage incurred shortly after construction is complete.
C)Interest incurred during construction.
D)Cost of removing the demolished building existing on the land when it was purchased.

Question

Quizplus · Accepted Answer

Interest incurred during construction is capitalized as part of the cost of constructing a building, as it is directly attributable to the construction process.

Which of the Following Is Included in the Cost of Constructing