Question
How should borrowing costs relating to an asset being constructed over a substantial period of time be treated in the accounts? Expensed as incurred.Capitalised and
How should borrowing costs relating to an asset being constructed over a substantial period of time be treated in the accounts?
Expensed as incurred.Capitalised and amortised over the period of the construction of the asset.Accrued and amortised over the period of the loan.Capitalised as part of the cost of the asset.
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Accounting Information Systems
Authors: Marshall RomneyPaul Steinbart
11th Edition
136015182, 978-0136015185
