ACC 304 All Assignments ACC 304 All Assignments | Page 142

b. eliminated completely from the cost of the asset.
c. allocated on an opportunity cost basis.
d. allocated on a pro rata basis between the asset and normal
operations.
32. Which of the following costs are capitalized for self-constructed
assets?
a. Materials and labor only
b. Labor and overhead only
c. Materials and overhead only
d. Materials, labor, and overhead
33. Which of the following assets do not qualify for capitalization of
interest costs incurred during construction of the assets?