PAS 16, F
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please answer it if is TRUE or FALSE.
Transcribed Image Text:PAS 16, paragraph 2, provides that if the asset is financed by specific borrowing, the
capitalizable borrowing cost is equal to the actual borrowing cost incurred during the
construction period minus any investment income from the temporary investment of the
specific borrowing.
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