Total borrowings used for construction of an office building are Rs.30, 00000. Entity issued 8% debentures worth 10,00000 for this purpose and balance amount was utilized from its common pool including 10% bank loan of Rs.1000000 and 9.5% bank loan of Rs.1000000. What is the amount of borrowing cost to be capitalized?
A) 275000
B) 300000
C) 250000
D) 265000
Correct Answer:
Verified
Q1: Borrowing cost are,
A)Interest and other cost that
Q2: Borrowing cost do not include,
A)Interest on debentures
B)Incremental
Q4: An entity shall cease capitalizing borrowing cost
Q5: Capitalization of borrowing cost should not cease
Q6: Carrying amount of an asset as on
Q7: Ind AS 2 deals with…
A)Inventories
B)Depreciation
C)Employee benefits
D)Financial reporting
Q8: An item of property , plant and
Q9: Inventory allocated to the construction of fixed
Q10: Ind AS 38 deals with…….
A)Tangible assets
B)Impairment
C)Intangible assets
D)Borrowing
Q11: …………. are the amount of income tax
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