IAS 23Chapter 3Lesson 1
The qualifying asset and borrowing costs: the definitions
Step 1 of 7Learning objectives
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Recognise a qualifying asset (a substantial period is necessarily required), know what borrowing costs are and tell qualifying examples from the others.
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Learning objectives
- Identify a qualifying asset from the facts.
- Name the costs that are borrowing costs.
- Tell examples of qualifying assets from non-qualifying ones.