CERTYNEX IFRS ACADEMY

For which of the following assets is the entity not required to apply the standard on borrowing costs? Several answers are correct.

A qualifying asset measured at fair value, for example a biological asset.

A plant whose construction takes a long period before it enters service.

An office building constructed for the entity's own use over several years.

Inventories produced in large quantities on a repetitive basis.

A power station under construction, measured at cost.