Sample Disclosure – Borrowing Costs (30 November 2008)

Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

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2 Responses to “Sample Disclosure – Borrowing Costs (30 November 2008)”

  • […] Posted by learnaccounting on December 14, 2008 If you need sample disclosure of accounting policy on borrowing costs please refer to:Accounting Policy On Borrowing Costs […]

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