Capitalization of Interest Cost

Status

Issued:
October 1979

Effective Date:
For fiscal years beginning after December 15, 1979

Affects:
Amends APB 21, paragraphs 15 and 16

Affected by:
Paragraph 5 deleted by FAS 71, paragraph 26(v)
Paragraph 8 amended by FAS 42, paragraph 4
Paragraph 9 amended by FAS 42, paragraph 4, and FAS 58, paragraph 5
Paragraph 10 amended by FAS 58, paragraph 6, and FAS 62, paragraph 5
Paragraphs 13 and 17 amended by FAS 62, paragraphs 6 and 7, respectively
Paragraph 19 amended by FAS 121, paragraph 26, and FAS 144, paragraph C26
Paragraph 20 amended by FAS 58, paragraph 7

Other Interpretive Pronouncements:
FIN 33
FTB 81-5 (Superseded by FAS 62)

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncement:
SOP 97-1

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:
No EITF Issues

Interpreted by:
Paragraphs 12 through 14 interpreted by EITF Issue No. 99-9

Related Issues:
No EITF Issues


Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides