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Help About IAS 23 Borrowing Cost
12-24-2009, 09:07 PM
Post: #1
Help About IAS 23 Borrowing Cost
MUjhay IAS 23 Borrowing Cost K is Para Ko koi Explain ker day.

[Para18] <font color="red">Expenditures on a qualifying asset include only those expenditures that have resulted in payments of cash,
transfers of other assets or the assumption of interest-bearing liabilities. </font id="red"><b>Expenditures are reduced by any
progress payments received and grants received in connection with the asset (see IAS 20 Accounting for
Government Grants and Disclosure of Government Assistance). The average carrying amount of the asset
during a period, including borrowing costs previously capitalised, is normally a reasonable approximation of the
expenditures to which the capitalisation rate is applied in that period. </b>
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