USCPA ?過去問 Fixed Asset interest capitalization場面別

Sun Co. was constructing fixed assets that qualified for interest capitalization. Sun had the following outstanding debt issuances during the entire year of construction:

$6,000,000 face value, 8% interest
$8,000,000 face value, 9% interest

None of the borrowings were specified for the construction of the qualified fixed asset. Average expenditures for the year were $1,000,000. What interest rate should Sun use to calculate capitalized interest on the construction?
  • 8.00%
  • 8.50%
  • 8.57%
  • 9.00%



6mil x 8% = 48 

8mil x 9% = 72 

合計 120


120 で face valueの総額6mil + 8mil = 14mil を割ると


14/120 = 8.57%






また、聞かれてる問題が、Capitalize interest なのか、Interest expenseなのか、よく読んで判断しましょう。

On January 2 of the current year, Cruises, Inc. borrowed $3 million at a rate of 10% for three years and began construction of a cruise ship. The note states that annual payments of principal and interest in the amount of $1.3 million are due every December 31. Cruises used all proceeds as a down payment for construction of a new cruise ship that is to be delivered two years after start of construction. What should Cruise report as interest expenses related to the note in its income statement for the second year?
  • $0
  • $300,000
  • $600,000
  • $900,000


上記の人は、ローンはProceeds を使って Down Payment で一括返済しているので、


= 年間1mil x 10% = 300000 の金利は、全額Capitalizeでき、Expense にはしないこととする。


loan が建築行為(たとえば、工程費に使われたなど)に直接ながらない、支出だった場合(たとえば、建設道具の購入、建物内の設備投資等)


Down Paymentってなんだ? 



An asset is being constructed for an enterprise's own use. The asset has been financed with a specific new borrowing. The interest cost incurred during the construction period as a result of expenditures for the asset is
  • Interest expense in the construction period
  • A prepaid asset to be written off over the estimated useful life of the asset
  • A part of the historical cost of acquiring the asset to be written off over the estimated useful life of the asset
  • A part of the historical cost of acquiring the asset to be written off over the term of the borrowing used to finance the construction of the asset




Cole Co. began constructing a building for its own use in January of the current year. During the year, Cole incurred interest of $50,000 on specific construction debt, and $20,000 on other borrowings. Interest computed on the weighted-average amount of accumulated expenditures for the building during the year was $40,000. What amount of interest cost should Cole capitalize?
  • $20,000
  • $40,000
  • $50,000
  • $70,000


実際に発生した利息は、50000 と 20000 で 70000だけど、

Weighted average で計算された40000 が Avoidable interest


Capitalize できるのは、上記の40000までです。

それを超えた分については、interest exoenseとする必要があります。