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IAS 23

SSaimon6y ago
A company that produce and sell fridge. Takes loan to buy raw material for fridge production. My question is : - Should i consider fridge as qualifying asset?? - and should i capitalize the interest cost in inventory???
stephenwidbergstephenwidbergTutor6y ago#1
Only if it takes substantial period of time to build - more than a year - unlikely Whisky takes years to mature - so, for whisky, yes
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