Question 10 In accordance with IAS 23, which statements are true? (i) Borrowing costs eligible for capitalisation may include interest expense calculated using the effective interest method (ii) The amount of specific borrowing costs capitalised should be reduced by investment income on any temporary investment of funds pending expenditure on asset. (iii) For general borrowings, the amount capitalised cannot exceed borrowing costs incurred. (i) and (ii) (ii) and (iii) (i) and (iii) All of the above