Question
Kiko Berhad started a new construction project which is funded via bank borrowing. The follow events took place during the year: 20 June 2021 Bank
Kiko Berhad started a new construction project which is funded via bank borrowing. The follow events took place during the year: 20 June 2021 Bank started to charge the interest on the loan 15 July 2021 Technical site planning commences 18 August 2021 Incurred expenditure on the project 30 September 2021 Construction work commences In accordance with MFRS 123, the capitalisation of borrowing costs should commence on:
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
