Assignment
Each question has to be answered in 150 word each.
1. What costs should be capitalized when purchasing or constructing a building?
2. Look at capitalized interest, what is the weighted average of accumulated expenditures?
3. What is the period of interest capitalization? When do we start and end the capitalization?
4. Why is there more than one method of depreciation?
5. So GAAP allows several different depreciation methods. Are these methods also allowed for tax purposes?
6. What is the purpose of depreciation?