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3 years ago

Which of the following is not a condition that must be satisfied before interest capitalization can begin on a qualifying asset?

Business

1 answer:

Katena32 [7]3 years ago

3 0

Answer:

The answer is D.

Explanation:

Cost of an asset includes the purchase price and other cost that are necessary to get the asset ready for its intended use and all these costs must be capitalized. Interest (borrowing cost) according to IAS 23( borrowing cost) states Interest directly involved in acquisition or construction or producing of qualifying assets must be capitalized i.e included in the cost of the asset.

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svetoff [14.1K]

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3 years ago

Updating procedures and systems, reinforcing marketing strategies, and updating advertising techniques, are all examples of what

Travka [436]

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1 year ago

In 2014 the average cost of a four year college is $26,017. How much is a four year college expected to cost in 2034 based on 7%

Oksana_A [137]

Answer:

i think the answer is $27,350

Explanation:

i hope it help

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3 years ago

Job Shadows typically last six weeks half day one to three days one semester

Inessa05 [86]

A job shadow usually lasts one day, but there are cases when they could last several days to give you a more in-depth look at a certain career or company.

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3 years ago

On January 1, 2018, Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cos

Licemer1 [7]

Answer:

Pension Expense = EBE = $593440 for income statement

Explanation:

The opening balance of the Plan asset is made by the 40000 from 2018 plus interest of 32000 and the new 400000 made this year. Why include it? Because an opening balance are the funds in an account at the beginning of the year either from last year or are from current year but should be the first entry in the books of the current year.

DBO plan asset EBE

opening balance (600000) 832000 -

interest ( 60000) 66560 6560

current year's service cost (600000) (600000)

( 1260000 ) 898560  593440

balance sheet liability = 361440

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3 years ago

Read 2 more answers