Which of the following is not required for the commencement date for capitalization of borrowing costs?

Question

Quizplus · Accepted Answer

The commencement date for capitalization of borrowing costs requires that expenditures have been made for the asset and that activities necessary to prepare the asset for its intended use or sale have begun. However, it does not require that the incurred borrowing costs have already been paid.

Which of the Following Is Not Required for the Commencement