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Borrowing cost as- 16

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 November 2015 if there a situation that machine take time to get it self ready 9 month period than borrowing cost is capitalize or not .
kindly guide us in above situation .
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 November 2015 Yes it can be capitalized. Refer the AS 16.
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 November 2015 but sir in AS -16 it is given 12 months period for qualifying assets
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Amol S Joglekar

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Amol S Joglekar (Expert)
19 November 2015 ORDINARILY a period of 12 months is considered as SUBSTANTIAL. A shorter or longer period may be considered as per the fats and circumstances of the case
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