WHITE started constructing a building to be used for producing its goods in January 2021, WHITE incurred interest of $100,000 from its borrowings to finance the construction. In 2021, the Company also earned interest income of $20,000 and dividend income of $30,000 from its temporary placement of the proceeds According to IAS23, how much borrowing cost should be capitalized by in 2021?
WHITE started constructing a building to be used for producing its goods in January 2021, WHITE incurred interest of $100,000 from its borrowings to finance the construction. In 2021, the Company also earned interest income of $20,000 and dividend income of $30,000 from its temporary placement of the proceeds According to IAS23, how much borrowing cost should be capitalized by in 2021?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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WHITE started constructing a building to be used for producing its goods in January 2021, WHITE incurred interest of $100,000 from its borrowings to finance the construction. In 2021, the Company also earned interest income of $20,000 and dividend income of $30,000 from its temporary placement of the proceeds
According to IAS23, how much borrowing cost should be capitalized by in 2021?
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