Capitalization of borrowing costs must cease when substantially all the activities necessary to prepare the asset for its intended use or sale are complete.

Question

Quizplus · Accepted Answer

Capitalization of borrowing costs should cease when substantially all the activities necessary to prepare the asset for its intended use or sale are complete, as per IAS 23 Borrowing Costs.

Capitalization of Borrowing Costs Must Cease When Substantially All the Activities