Question 3 Which of the following is/are true in relation to IAS 23 Borrowing costs? (i) An entity shall begin capitalising borrowing costs as part of the cost of a qualifying asset on the earliest date that meets ANY of the followings: (a) it incurs expenditures for the asset/ (b) it incurs borrowing costs; or (c) it undertakes activities that are necessary to prepare the asset for its intended use or sale. (ii) Capitalisation should always be suspended when there is expected delay. (iii) Capitalisation ceases when the activities necessary to prepare the asset for its intended use or sale are substantially complete. (i) only (ii) and (iii) (iii) only None of the above