08 June 2011
A company Manufactures cement, it is constructing a wagon trippler to carry the Coal, Whether we can say the Wagon Trippler a Qualifying asset under As- 16 & Capitalise the Borrowing Cost During the contruction period?
08 June 2011
Borrowing cost is defined as interest and other cost incurred relating to borrowing of funds like.. interest,commitment chargees.....so, u cant capitalize wagon...
CAclubindia
