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year ending December 2015. calculate borrowing cost that should be capitalized to asset under IND AS 23 with detailed explanation. Thank you EA Rate AD
year ending December 2015. calculate borrowing cost that should be capitalized to asset under IND AS 23 with detailed explanation. Thank you
EA Rate AD softex made the following borrowings Borrowing Date of Amount Purpose borrowing (5) Period of loan Related expenses 15% Term loan 01.01.2015 6,00,000 General 5 years 50,000 17:64%! 14.5% Term loan 01.07.2015 4,00,000 5 years 20,000 163% Specific to acquisition of plant and machinery 14% 01.10.2015 5,00,000 General 5 years40,000 16477. Term loan Qualifying assets (12 months construction period) for which borrowing was initiated are:- Factory shed 1,00,000 Plant & Machinery * 9,00,000 Other fixed assets * 1,00,000 11,00,000 Assume that the project is ready for commercial production as on 01.01.2016. How would the borrowing cost be capitalized for theStep by Step Solution
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