The capitalization of borrowing costs is mandatory under both IFRS & ASPE.

Name: The capitalization of borrowing costs is mandatory under both IFRS & ASPE.
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Under IFRS, capitalization of borrowing costs is mandatory when the costs are directly attributable to the acquisition, construction, or production of a qualifying asset. However, under ASPE (Accounting Standards for Private Enterprises in Canada), capitalizing borrowing costs is an option, not a requirement.

The Capitalization of Borrowing Costs Is Mandatory Under Both IFRS