WHAT IS QUALIFYING ASSETS ? AND ALSO WHAT IS THE TREATMENT OF SUCH ASSETS IN OUR BOOKS
1 Replies
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907))
(1306 Points)
Replied 05 August 2018
Qualifying asset is defined in AS 16 Borrowing Cost
A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale.
A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale.
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