Borrowing cost
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2014
Is it possible to capitalise borrowing cost related to a asset which takes 6 month to completion and put to use ?
20 November 2014
As per AS 16, borrowing costs can be capitalised iff borrowing costs are meant for creation of the Qualified Asset and to put it into use.
Thanks!
Thanks!
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