I understand the following recognition method regarding transaction costs. Could you please confirm if it is correct:
Equity instruments :
– Held for trading – FVTPL: Transaction cost will be expensed – Not held for trading – FVTOCI: Transaction cost will added to cost of investment
Financial assets:
– Amortised Cost: Transaction cost will be added to cost of investment. – FVTOCI: Transaction cost will be added to cost of investment. – FVTPL: Transaction cost will be expensed