Question
IAS 23 requires the capitalization of borrowing costs directly attributable to the acquisition, construction, or production of a qualifying asset. Previously, IAS 23 allowed companies
IAS 23 requires the capitalization of borrowing costs directly attributable to the acquisition, construction, or production of a qualifying asset. Previously, IAS 23 allowed companies to expense or capitalize borrowing costs.
Required:
Justify whether there is a change in accounting policy.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
