can we capitalized the borrowing cost till the commercial production or till the time of testing of that machineries?
4 Replies
Saurabh Malpani
(CA Final)
(514 Points)
Replied 10 January 2012
we can capitalised till it is ready for use.
so in the given case we can capitalised it till testing
Keval Ponkiya
(CA CS MBA(Fin.) M.Com. L.L.B.)
(223 Points)
Replied 10 January 2012
Yes !!! Thumar Shital
Saurabh is correct !!!
You can capitalise up to ready to use condition.
Keval Ponkiya
(CA CS MBA(Fin.) M.Com. L.L.B.)
(223 Points)
Replied 10 January 2012
@ sh*tal,
Apart from your question !!!
Are you from GUJARAT ???
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