securities from which Novak realized investment income of $
What amount should Novak report as capitalized interest at December
Capitalized interest. $
B:
Situation II
During Splish Corporation constructed and manufactured certain assets and incurred the following interest costs in connection with those activities.
Interest Costs Incurred
Warehouse constructed for Splish's own use
$
Specialorder machine for sale to unrelated customer, produced according to customer's specifications
Inventories routinely manufactured, produced on a repetitive basis
All of these assets required an extended period of time for completion.
Assuming the effect of interest capitalization is material, what is the total amount of interest costs to be capitalized?
ANSWER: The total amount of interest costs to be capitalized.
