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Borrowing cost

Former userFormer user9y ago

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MikeLittleMikeLittleTutor9y ago#1
How much did you borrow? What's the bank going to say when you tell them that you're not going to pay them any interest on that $1 million because, even though you've borrowed it, you don't need it just yet? If they agree with you, can you please let me know the name of your bank!
MikeLittleMikeLittleTutor9y ago#2
You're welcome
MikeLittleMikeLittleTutor9y ago#3
In the exam question from a few years back, the examiner calculated the investment income for the period that we were capitalising the borrowing costs OK?
MikeLittleMikeLittleTutor9y ago#4
We calculate the investment income earned during the exact same period during which the borrowing costs are capitalised
MikeLittleMikeLittleTutor9y ago#5
You're welcome
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