tion 10 Which of the following statement is correct for qualifying assets in a foreign currency transaction? -et ered ed out of a. The foreign exchange loss from foreign borrowing related to the acquisition of a qualifying asset may be recorded into profit and loss. ag tion O b. A qualifying asset does not necessarily take a substantial period of time to get ready for its intended use or sale. C. An entity can have the option to either expense or capitalise borrowing cost as part of the acquisition cost of a qualifying asset. O d. Examples of qualifying assets include property, plant & equipment that are being constructed, and inventories that are ready for use and sale. e. Borrowing cost arising from change in foreign currency rate should be capitalised into a qualifying asset if such a cost is related to the acquisition or construction of the qualifying asset