alleryStart learning →IAS 23 includes interest on lease liabilities recognised under
AIFRS 8
BIFRS 3
CIFRS 13
DIFRS 16
Answer & Solution
Correct answer: D. IFRS 16
Interest on lease liabilities recognised under IFRS 16 is within IAS 23 borrowing costs.
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Related questions
Inventories needing a substantial time to reach saleable condition areA plant takes eighteen months to build. Is it a qualifying asset?General borrowing cost incurred in a year is Rs 50,000, but rate times spending gives Rs 6General loans of Rs 5 lakh at 8% and Rs 5 lakh at 12%; Rs 2 lakh spent on the asset. CapitAn asset is normally ready for use when its physical construction isWhen substantial technical work continues, capitalisation is normallyAmortisation of ancillary costs on arranging borrowings isIAS 23 requires disclosing the capitalisation rate and the