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Pharoah Manufacturing Inc. is installing a new plant at its production facilityIt has incurred these costs Cost of the manufacturing plant ( cost per supplier's
Pharoah Manufacturing Inc. is installing a new plant at its production facilityIt has incurred these costs Cost of the manufacturing plant cost per supplier's invoice plus nonrecoverable taxes$ Initial delivery and handling costs Cost of site preparation Consultants used for advice on the acquisition of the plant Interest charges paid to supplier of plant indirect financing charges for amounts borrowed by supplier Estimated dismaling costs to be incurred after seven years Operating losses before commercial production Determine which costs Pharoah Manufacturing can capitalize in accordance with IAS According to IAS following costs can be capitalized:
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