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Borrowing cost

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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 ?
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P V Ram

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P V Ram (Expert)
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.

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