Under AASB 123 'Borrowing Costs',a qualifying asset is defined as:
A) an asset that takes more than twelve months to complete
B) an asset that necessarily takes a substantial period of time to get ready for its intended use or sale
C) a long-term construction project for the construction of ships, dams, roads or buildings
D) an asset that necessarily takes more than two years to complete
Correct Answer:
Verified
Q2: Under AASB 123 'Borrowing Costs':
A) borrowing costs
Q3: What is the main feature of the
Q4: AASB 136 requires that assets are carried
Q5: If borrowing costs are capitalised,capitalisation continues:
A) for
Q6: The accounting standard that specifically deals with
Q7: Explain and discuss how donated assets should
Q8: Which of the following is not an
Q9: Under AASB 116,which of the following would
Q10: Which of the following is not a
Q11: What are defined as immovable public facilities
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