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CA Final Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property — practice questions — page 2

Explore 81 free Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property questions in CA Final Financialreporting. Open each question or exercise to read its content, reference answers and available explanation.

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Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property questions and exercises with answers

Showing questions 31–60 of 81.

What must Ind AS 23 disclose?Read the answer and worked solution →What does para 6A of Ind AS 23 add over IAS 23?Read the answer and worked solution →Carrying amount exceeds recoverable amount: then?Read the answer and worked solution →Costs of holding partly built assets in suspension?Read the answer and worked solution →In a group, the weighted rate may use which loans?Read the answer and worked solution →What is the aim of Ind AS 40?Read the answer and worked solution →Investment property is held to earn what?Read the answer and worked solution →Which is NOT investment property?Read the answer and worked solution →Land held for long-term appreciation is what?Read the answer and worked solution →Land with undetermined future use is held for?Read the answer and worked solution →A vacant building held for letting is what?Read the answer and worked solution →Property being built for future rental is what?Read the answer and worked solution →Which Standard covers owner-occupied property?Read the answer and worked solution →Staff-occupied property is classified as what?Read the answer and worked solution →Property with separately saleable portions: treatment?Read the answer and worked solution →Inseparable mixed property is investment property if?Read the answer and worked solution →Landlord offers minor security services: classified?Read the answer and worked solution →Owner-managed hotel with major guest services is what?Read the answer and worked solution →Subsidiary building leased to parent: group view?Read the answer and worked solution →Day-to-day servicing costs go where?Read the answer and worked solution →A replaced part's old carrying amount is what?Read the answer and worked solution →Initial measurement of investment property?Read the answer and worked solution →Which is part of purchase cost?Read the answer and worked solution →Deferred-payment property is recorded at what?Read the answer and worked solution →Cash price Rs 80 lakh; deferred payments total Rs 88 lakh. Interest over credit?Read the answer and worked solution →Exchange with commercial substance: measured at?Read the answer and worked solution →Commercial substance means cash flow configuration does what?Read the answer and worked solution →Ind AS 40 permits only which model?Read the answer and worked solution →Under the cost model, investment property is measured under the requirements of which Standard?Read the answer and worked solution →Held-for-sale investment property follows which Standard?Read the answer and worked solution →

Worked practice questions

What must Ind AS 23 disclose?

  1. Interest and tax paid
  2. Capitalised cost and rate
  3. Loan and share capital
  4. Dividends and deferred tax
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Correct answer: B. Capitalised cost and rate

Disclosure covers the borrowing costs capitalised in the period and the capitalisation rate used.

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What does para 6A of Ind AS 23 add over IAS 23?

  1. Exchange difference method
  2. Cost of equity method
  3. Hyperinflation guidance
  4. Dividend declaration steps
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Correct answer: A. Exchange difference method

Paragraph 6A was added in Ind AS 23 to explain how the exchange difference adjustment is determined.

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Carrying amount exceeds recoverable amount: then?

  1. Written down per Standards
  2. Left unchanged in the books
  3. Revalued upward at once
  4. Borrowing cost reversed
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Correct answer: A. Written down per Standards

Excess carrying amount is written down or written off in line with the requirements of the other relevant Standards.

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More Financialreporting topics

Ind AS 116 LeasesInd AS 36 Impairment of Assets and Ind AS 38 Intangible AssetsInd AS 24 Related Party Disclosures and Ind AS 108 Operating SegmentsInd AS 1 Presentation of Financial StatementsInd AS 12 Income TaxesInd AS 113 Fair Value MeasurementInd AS 109 Financial InstrumentsInd AS 103 Business Combinations