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True or False:  The cost of borrowed capital during the construction period is generally amortized over 15...

  1. True or False:  The cost of borrowed capital during the construction period is generally amortized over 15 years.
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Answer #1

Answer : False.

>> Cost of Borrowing capital should be capitalized, i.e cost of capital should added to the construction asset.

>> Depreciated over a period of useful life of the Construction Asset.

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