AS16 borrowing cost

Accountancy

In this AS borrowing cost related to qualify asset we debit those interest in depreciation In case borrowing contains over and above year that remaining amount we debit asset (we take depreciation) or those expenses charge off to P&L

INDRAJITH S

CA Inter

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23-Aug-21 08:01

604

Answers (3)

The borrowing cost which cannot be capitalised is Charge to P&L

Himanshu Somani

CA Final

★ 97K+

23-Aug-21 08:32

AS PER AS16 ??

Thread Starter

INDRAJITH S

CA Inter

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23-Aug-21 09:06

your question is not clear

roshini reddy

CA Inter

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23-Aug-21 10:12