> > >

Generally Accepted Accounting Principles (GAAP) MCQs

How is the interest cost to be capitalized calculated?

By taking into account the interest cost on the borrowings made to complete the asset

By using the average market rate

By following the Federal reserve rate

By following the interest rate on the company's savings account

Answer

Correct Answer: By taking into account the interest cost on the borrowings made to complete the asset

Explanation:

Note: This Question is unanswered, help us to find answer for this one

Generally Accepted Accounting Principles (GAAP) Skill Assessment

Your Skill Level: Poor

Retake Quizzes to improve it

More Generally Accepted Accounting Principles (GAAP) MCQ Questions

Generally Accepted Accounting Principles (GAAP) Skill Assessment

Your Skill Level: Poor

Retake Quizzes to improve it