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See: Interest During Construction
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Intangible Drilling Costs

Expenses a company has when it drills for oil or natural gas. Intangible drilling costs are sometimes convenient for a company's tax purposes because it can deduct intangible drilling costs in one year when the company perhaps found little or no oil from profits made in a different year when the company does find oil.

Interest During Construction

In project finance, the interest that accumulates on a loan that finances the construction of a building or development. The IDC is a cost for the project, though it is not always calculated as such. The IDC is calculated until the project begins to generate revenue, when the company financing the project begins to service its debts.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
With daily e-mail traffic expected to almost double by 2006--from 31 billion in 2003 to 60 billion, according to International Data Corporation (IDC)--simply upgrading hard-drive capacity to meet this demand is not only expensive but is impossible to manage.
More than $30 billion worth of computer software was pirated worldwide in 2003, according to the Business Software Alliance and the International Data Corporation. The highest national software piracy rates belonged to Vietnam, China and Ukraine, while the United States, New Zealand and Denmark were at the bottom of the list.
International Data Corporation estimated that corporations spent $650 million on portal software in 2002.
"Java technology has become increasingly important in enterprise IT systems as a development and deployment platform for the Web," said Steve McHale, vice president of research, Software Partnering and Alliances at International Data Corporation ("IDC").
However, shipments in the July-December period are expected to rise 4.7%, mainly due to an expected recovery in personal computers for household use, International Data Corporation (IDC) Japan said.
According to data released by International Data Corporation (IDC) for the Asia Pacific region (except Japan), sales of servers were down 6 to 8 percent year-on-year early in the second quarter of 2002.
In fact, the International Data Corporation, an IT research firm in Framingham, Massachusetts, had predicted that 2.2 million college students would be enrolled in online courses by 2002, up from 710,000 in 1998.
According to International Data Corporation (IDC), on an average day in the year 2000, 8.2 billion messages were sent worldwide.
According to data from International Data Corporation and NPD Intelect, for the last two years Dell and Compaq have had the largest shares of the U.S.
International Data Corporation (IDC) has named Seagull as the leading US-based vendor in the legacyware market, according to a recent report entitled "Worldwide Access Integration and Middleware Forecast and Analysis, 2000 - 2005." SEAGULL demonstrated continued leadership for the third consecutive year in the legacyware category, defined by IDC as the system infrastructure components designed to transparently access and interact with legacy application programs.
International Data Corporation (IDC) recently ranked VA Linux Systems as a top four Linux server vendor in Q1 2000.
International Data Corporation projects that more than 61 million Americans will be accessing the Internet using wireless devices such as cell phones and PDAs (personal digital assistants, a la Palm Pilots) by 2003.

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