Should borrowing costs associated with the construction of a building be treated as part of the cost

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Should borrowing costs associated with the construction of a building be treated as part of the cost of the building, or should the borrowing costs be expensed as incurred?

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Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

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Question Posted: Sep 02, 2023 06:13 AM

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Should borrowing costs associated with the construction of a building be treated as part of the cost

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AASB 123 Borrowing Costs provides guidance in relation to this issue It states that borrowin...View the full answer

Financial Accounting

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