Borrowing costs on qualifying assets which require a substantial amount to construct and prepare for resale must be capitalized under IFRS.

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According to IFRS, borrowing costs related to qualifying assets that require a substantial amount of time to construct or prepare for their intended use or sale must be capitalized as part of the cost of the asset. This means that the borrowing costs are included in the cost of the asset and will be depreciated or amortized over its useful life.

Borrowing Costs on Qualifying Assets Which Require a Substantial Amount