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Accounting Treatment

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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?
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srikanth

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srikanth (Expert)
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...
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