Capitalise bank interest
This query is : Resolved
10 February 2013
Interest on term loan for machinery, before commencing production - can it be capitalised?
10 February 2013
Yes, all expenses before commencement of production has to be captialised but once the production starts it ceases out to be captialized.
10 February 2013
But the increase in value of foreign currency loan taken can not be capitalised.
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