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- IAS 23 – Borrowing Costs 0%
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Question 1 of 10
1. Question
The borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset are those borrowing costs that would have been avoided if the expenditure on the qualifying asset had not been made.
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Question 2 of 10
2. Question
Which of the following may be a complication, when an entity considers whether borrowing costs are directly attributable to the acquisition, construction or production of a qualifying asset?
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Question 3 of 10
3. Question
How shall an entity determine the amount of borrowing costs eligible for capitalisation?
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Question 4 of 10
4. Question
To the extent that an entity borrows funds generally and uses them for the purpose of obtaining a qualifying asset, the entity shall determine the amount of borrowing costs eligible for capitalisation by applying __________ to the expenditures on that asset.
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Question 5 of 10
5. Question
The capitalisation rate shall be the weighted average of the borrowing costs applicable to the borrowings of the entity that are outstanding during the period, other than borrowings made specifically for the purpose of obtaining a qualifying asset.
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Question 6 of 10
6. Question
The amount of borrowing costs that an entity capitalises during a period shall __________ of borrowing costs it incurred during that period.
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Question 7 of 10
7. Question
When the carrying amount or the expected ultimate cost of the qualifying asset __________, the carrying amount is written down or written off in accordance with the requirements of other IFRSs.
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Question 8 of 10
8. Question
Which of the following is the commencement date for capitalisation?
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Question 9 of 10
9. Question
Expenditures on a qualifying asset include only those expenditures that have resulted in __________.
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Question 10 of 10
10. Question
The __________ of the qualifying asset during a period, __________ borrowing costs previously capitalised, is normally a reasonable approximation of the expenditures to which the capitalisation rate is applied in that period.
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