According to IAS 23, borrowing costs are capitalized when they relate to a?
- Intangible asset only
- Current asset
- Qualifying asset
- None of these
Explanation
- According to IAS 23, borrowing costs are capitalized when they are directly attributable to a qualifying asset.
- A qualifying asset is one that takes a substantial period of time to get ready for its intended use or sale.
- Capitalization begins when asset expenditures, borrowing costs, and preparation activities are in progress.
- It stops when the asset is substantially ready for use or sale.
Last verified on 06-08-2026
Related MCQs
اکاؤنٹنگ میں معاشی واقعہ کب رونما ہوتا ہے؟
- A transaction is recorded
- A report is prepared
- A budget is approved
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
وہ ماڈل جو مینجمنٹ، اکاؤنٹنگ اور اکانومیٹرکس کو استعمال کرتا ہے، کیا کہلاتا ہے؟
- Financial Model
- Economic Model
- Management Science Model
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
- The project's NPV is positive, and the project should be accepted
- The project's NPV is zero, and the project should be accepted
- The project's NPV is negative, and the project should be rejected
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
- 9%
- 7%
- 8%
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
- Rs. 19,636
- Rs. 39,272
- Rs. 80,000
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
