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IFRS Notes

12305


Commencement of capitalisation


IAS 23-pr17
Capitalisation of borrowing cost begins
on commencement date

Commencement date is the date
when all of the conditions in (1), (2), (3) are first met:

(1) expenditures to acquire the asset are incurred
(2) borrowing costs are incurred
(3) activities to prepare the asset for use or sale are undertaken
 

   
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