{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/835/20/#60-relationships","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"835","topic_title":"Interest","subtopic":"835-20","subtopic_title":"Capitalization of Interest","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Accounting Changes and Error Corrections","paragraphs":[{"citation":"835-20-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D484093A-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on reporting for previously capitalized <a href=\"/glossary/i/#interest-cost\" class=\"term\" title=\"Interest cost includes interest recognized on obligations having explicit interest rates, interest imputed on certain types of payables in accordance with Subtopic 835-30, and interest related to a finance lease determined in accordance with Topic 842. With respect to obligations having explicit interest rates, interest cost includes amounts resulting from periodic amortization of discount or premium and issue costs on debt.\"><span>interest cost</span></a> when an accounting change results in financial statements that are, in effect, the statements of a different reporting entity, see Subtopic <a altsource=\"GUID-8A9240ED-323F-4B9E-B60D-86B558BED396.ditamap\" class=\"ditamap\">250-10</a>. </span></span></div></div>","snippet":"For guidance on reporting for previously capitalized interest cost when an accounting change results in financial statements that are, in effect, the statements of a different reporting entity, see Subtopic 250-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:93421f7103497fe3b034eb63bd87908e83d2de76bbac7aa93a84538dbc4b8c46","downloaded_from":"2026-09-10T01:49:26.346Z","last_downloaded_at":"2026-09-10T01:49:26.346Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482951","source_sha256":"be9661286391b0d5ee7d42cbf06ca75a62bfb706309698cb44b165b90ab40980"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3db485d51df845cdcfe5c39ffb42bd5248aea88f804296348130c897053e14b6","downloaded_from":"2026-09-10T01:49:26.346Z","last_downloaded_at":"2026-09-10T01:49:26.346Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482951","source_sha256":"be9661286391b0d5ee7d42cbf06ca75a62bfb706309698cb44b165b90ab40980"}},{"block":null,"heading":"Debt","paragraphs":[{"citation":"835-20-60-2","para":"60-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_D4840A78-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on the capitalization of interest recognized for a participating mortgage loan, see Subtopic <a altsource=\"GUID-E40212E4-B42F-432E-B93D-9B3B22CBEC6E.ditamap\" class=\"ditamap\">470-30</a>. </span></span></div></div>","snippet":"For guidance on the capitalization of interest recognized for a participating mortgage loan, see Subtopic 470-30.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:266042aeb55de69ad9925faae6a8811bb0b51b5804e77e3bf5c1f4372eb1ace9","downloaded_from":"2026-09-10T01:49:26.346Z","last_downloaded_at":"2026-09-10T01:49:26.346Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482951","source_sha256":"be9661286391b0d5ee7d42cbf06ca75a62bfb706309698cb44b165b90ab40980"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e2fec52af5330dd26aef991b020590538eefe54aced2db0a6be20244d8241da","downloaded_from":"2026-09-10T01:49:26.346Z","last_downloaded_at":"2026-09-10T01:49:26.346Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482951","source_sha256":"be9661286391b0d5ee7d42cbf06ca75a62bfb706309698cb44b165b90ab40980"}},{"block":null,"heading":"Extractive Activities—Oil and Gas","paragraphs":[{"citation":"835-20-60-3","para":"60-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">For guidance for when capitalization of interest cost is permitted in oil- and gas-producing operations, see Subtopic <a altsource=\"GUID-1ADAAB70-1417-49BD-BA00-38B03632C5A7.ditamap\" class=\"ditamap\">932-835</a>.</div></div>","snippet":"For guidance for when capitalization of interest cost is permitted in oil- and gas-producing operations, see Subtopic 932-835.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db5f40a7741f1bb702587e1690562304e06d3bab5f875df1a5a941da2b7adf30","downloaded_from":"2026-09-10T01:49:26.346Z","last_downloaded_at":"2026-09-10T01:49:26.346Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482951","source_sha256":"be9661286391b0d5ee7d42cbf06ca75a62bfb706309698cb44b165b90ab40980"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3d05afca7116dbb52b89d1635be4a231896d1f46e2ce53d5486eebf410aa79a3","downloaded_from":"2026-09-10T01:49:26.346Z","last_downloaded_at":"2026-09-10T01:49:26.346Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not 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timestamps","source_key":"1943274/2147482951","source_sha256":"be9661286391b0d5ee7d42cbf06ca75a62bfb706309698cb44b165b90ab40980"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ad43c66aa6ff01ab4a8c90503e24e76cd362c6cfb6b77ac694d8552dcf1c7ec","downloaded_from":"2026-09-10T01:49:26.346Z","last_downloaded_at":"2026-09-10T01:49:26.346Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482951","source_sha256":"be9661286391b0d5ee7d42cbf06ca75a62bfb706309698cb44b165b90ab40980"}}