AS 16 problem
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2011
Plz answer regarding follwing questions on AS 16 Borrowing costs-
1. is the Intt. cost to be capitalised in case term loan is obtained for extension of Shed & Building ?
2. is the borrowing cost include Loan processing Charges ?
1. is the Intt. cost to be capitalised in case term loan is obtained for extension of Shed & Building ?
2. is the borrowing cost include Loan processing Charges ?
CMA Ramesh Krishnan
(Expert)
14 March 2011
1. Interest on loan taken on extention will not form part of Borrwing cost
2. Loan processing charges will be form part of borrowing cost as commitment charges under AS-16
2. Loan processing charges will be form part of borrowing cost as commitment charges under AS-16
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