ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 124

c. Capitalize no interest during construction.

d. Capitalize interest costs equal to the prime interest rate
times the estimated cost of the asset being constructed.

S43. Which of the following nonmonetary exchange
transactions represents a culmination of the earning process?

a. Exchange of assets with no difference in future cash flows.