Interest is never a part of the cost of property,plant,and equipment or intangible assets.

Name: Interest is never a part of the cost of property,plant,and equipment or intangible assets.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

Interest can be a part of the cost of property, plant, and equipment or intangible assets if it is incurred during the construction or development phase of the assets. This interest expense can be capitalized and added to the cost of the assets.

Interest Is Never a Part of the Cost of Property,plant,and