Which of the following statements does NOT apply to the capitalization of borrowing costs for the purchase of assets?

This must be disclosed in the notes to the financial statements.

This is

Plant assets purchased in exchange for a zero$-$interest$-$bearing note should be accounted for at the

fair value of the asset received.

book value of the asset received.

present value of the notef firy

face value of the note. not allowed under IFRS.

This can have a significant impact on a company's earnings.

This is allowed under both ASPE and IFRS.