IAS 23Chapter 1Lesson 1
IAS 23: capitalise into the cost of the asset or expense
Step 1 of 7Learning objectives
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The principle of the standard: borrowing costs directly attributable to a qualifying asset form part of its cost, the others are expenses.
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Learning objectives
- Explain the principle of IAS 23.
- Split the borrowing costs of a period between asset cost and expense.
- Recognise a borrowing cost directly attributable to an asset.