or true,false

please answer all the questions immediately thankyou

37. Which of the following is true under PAS 23, Borrowing cost? ** (1 Point) Investment property can be treated as qualifying asset for the purpose of capitalizing borrowing cost If the borrowing cost is directly attributable to a qualifying asset. the borrowing cost shall be expensed immediately Borrowing cost is an interest expense computed using the effective interest method The actual borrowing cost ingured curred shall be capitalized in the qualifying asset is financed by specific borrowing 38. On 1 January 2018 The Dumbledore Company commenced trading to provide key skills education facilities in a region identified for technology development. Also on 1 January 2018, the company received two grants from its government for setting up its operations in this location: Grant (a) was paid to give financial assistance for start-up costs already incurred. Grant (b) was paid to subsidize the costs of purchasing computer software over the five-year period. The company is almost certain to keep the facilities operational for the next five years. The company's accounting year end is 31 December. Are the following statements concerning recognition of the income from the two government grants true or false, according to IAS20 Government grants and government assistance? (Statement 1) - Income from Grant (a) should be recognized in full on receipt in 2018. (Statement 2) - Income from Grant (b) should be recognized in full at the end of 5 years." (1 Point) True True False False False Ine 39. Statement 1 - Under PAS 16, borrowing cost are defined as interest and other cost that the entity incurs in connection with borrowing funds Statement 11 - The period of time during which the interest must be capitalized ends when no further interest is being incurred (1 Point) True: True True: False 0 0 False: False False: True 40. Under PAS 38, an intangible asset that was acquired separately shall initially be recognized at * DLL (1 Point) O Fair value Cost Recoverable amount Either cost or fair value at the choice of the lalo! 41. Statement ! - The actual borrowing cost must be greater than or equal to the capitalized borrowing cost Statement II - Even if the entity is yet to incur expenditure for the asset, borrowing cost may be capitalized (1 Point) True: True Trybai False False: False Falses True