Easy Office
LCI Learning

Swap loss on hedging of loan can we capitalise

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 January 2010 We borrowed a loan for qualifying asset. We hedge the loan to cover ourself from Interest rate risk. But we incurred a interest rate swap loss. My question is whether we can capitalise this swap loss along with the interest of loan.
Profile Image

shakuntala chhangani

Profile Image

shakuntala chhangani (Expert)
20 January 2010 yes, if the asset is not yet ready for commercial use. Regards, CA Shakuntala Chhangani
Profile Image

Rahul

Profile Image

Rahul (Expert)
20 January 2010 Agreed with Shakuntala
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links