Discuss when the interest capitalization period begins and ends for assets constructed for a company's own use.

The interest capitalization period begins when (a)expenditures for the asset have been made, (b)activities that are necessary to get the asset ready for its intended use are in progress, and (c)interest cost is being incurred.Interest capitalization should continue as long as the three conditions are met.The capitalization period should end when the asset is (a)substantially complete and (b)ready for its intended use.