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- IAS 23 – Borrowing Costs 0%
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Question 1 of 9
1. Question
Which of the following is not true about activities necessary to prepare the asset for its intended use or sale?
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Question 2 of 9
2. Question
Borrowing costs incurred while land acquired for building purposes is held without any associated development activity can be capitalised.
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Question 3 of 9
3. Question
Under which of the following circumstances does the entity normally suspend capitalising borrowing costs?
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Question 4 of 9
4. Question
An entity __________ capitalising borrowing costs __________ substantially all the activities necessary to prepare the qualifying asset for its intended use or sale are complete.
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Question 5 of 9
5. Question
An asset is normally __________ the physical construction of the asset is complete __________ routine administrative work still continues.
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Question 6 of 9
6. Question
Which of the following is an example of a qualifying asset for which each part is capable of being usable while construction continues on other parts?
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Question 7 of 9
7. Question
Which of the following is the entity required to disclose in respect of borrowing costs?
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Question 8 of 9
8. Question
The entity X has three sources of borrowing in the period:
Outstanding liability, $000 Interest change, $000 6-year loan 5,000 720 20-year loan 8,000 950 Bank overdraft 1,200 210 Which of the following is the appropriate capitalisation rate if all of the borrowings are used to finance the production of qualifying assets but not of the borrowings relate to a specific qualifying asset?
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Question 9 of 9
9. Question
The entity Y has three sources of borrowing in the period:
Outstanding liability, $000 Interest change, $000 8-year loan 3,000 450 15-year loan 6,000 700 Bank overdraft 200 40 Which of the following is the appropriate capitalisation rate if only 8-year loan is used to finance the production of qualifying assets?
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