IFRS permits corporations to capitalize interest costs for:
A)assets that are constructed or acquired over time only.
B)assets that are purchased only.
C)both assets that are purchased or constructed.
D)capitalizing interest is never allowed.

Question

Quizplus · Accepted Answer

IFRS allows the capitalization of interest costs for assets that are constructed or acquired over time, as these costs are directly attributable to the acquisition, construction, or production of a qualifying asset.

IFRS Permits Corporations to Capitalize Interest Costs For