# ASC 835-20-60: Interest — Capitalization of Interest — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/835/20/#60-relationships)

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## ASC 835-20-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/835/20/#60-relationships)

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#### Accounting Changes and Error Corrections

##### [835-20-60-1](https://asc.understandingaccounting.org/asc/835/20/#835-20-60-1)

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For guidance on reporting for previously capitalized [interest cost](https://asc.understandingaccounting.org/glossary/i/#interest-cost "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.") when an accounting change results in financial statements that are, in effect, the statements of a different reporting entity, see Subtopic 250-10.

#### Debt

##### [835-20-60-2](https://asc.understandingaccounting.org/asc/835/20/#835-20-60-2)

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For guidance on the capitalization of interest recognized for a participating mortgage loan, see Subtopic 470-30.

#### Extractive Activities—Oil and Gas

##### [835-20-60-3](https://asc.understandingaccounting.org/asc/835/20/#835-20-60-3)

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For guidance for when capitalization of interest cost is permitted in oil- and gas-producing operations, see Subtopic 932-835.