The assets that do not qualify for capitalization of interest costs that were incurred at construction is c. Assets not currently undergoing the activities necessary to get them ready for use.
A long-term asset's or loan balance's total cost includes interest that has been capitalized. As a result, the interest is not recorded as a cost for interest in the current period.
When constructing assets, the organization should take into account all cost factors, such as materials, labor, overhead, and financing costs, if any. Any improvements that make the asset more useful should be capitalized. Repairs that should be classified as additions should be expensed as they are incurred.
As a result, the interest on an asset should only be capitalized when the asset is undergoing activities that are necessary for their use.
Find out more on interest on assets at https://brainly.com/question/17198274
#SPJ1
