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1. The period of time during which interest must be capitalized ENDS when (1 Point) the activities that are necessary to get the asset for its intended use. no further interest cost is being incurred. the asset is abandoned sold or fully depreciated. the asset is substantially complete and ready for its intended use.

Question

1. The period of time during which interest must be capitalized ENDS when (1 Point) the activities that are necessary to get the asset for its intended use. no further interest cost is being incurred. the asset is abandoned sold or fully depreciated. the asset is substantially complete and ready for its intended use.

1. The period of time during which interest must be capitalized ENDS when (1 Point) the activities that are necessary to get the asset for its intended use. no further interest cost is being incurred. the asset is abandoned sold or fully depreciated. the asset is substantially complete and ready for its intended use.

Solution

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AnikaMaster · Tutor for 5 years

Answer

### D. the asset is substantially complete and ready for its intended use.

Explain

## Step1: Understanding Capitalization of Interest<br />### Interest capitalization ends when the asset is substantially complete and ready for its intended use. This is because the asset can now generate revenue or be used as intended, so further interest costs are no longer capitalized.
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