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PAS 23 Borrowing cost
7問 • 10ヶ月前
  • ユーザ名非公開
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    問題一覧

  • 1

    On January 1, 20x1, Entity A obtained a 10%, ₱5,000,000 loan, specifically tofinance the construction of a building. The proceeds of the loan were temporarilyinvested and earned interest income of ₱180,000. The construction was completedon December 31, 20x1 for total construction costs of ₱7,000,000. How much is thecost of the building on initial recognition?

    7,320,000

  • 2

    Which of the following may not be considered a “qualifying asset” under PAS 23?

    An expensive private jet that can be purchased from a local vendor

  • 3

    An asset is being constructed for an enterprise's own use. The asset has beenfinanced with a specific new borrowing. The interest cost incurred during theconstruction period as a result of expenditures for the asset is

    a part of the historical cost of acquiring the asset to be written off over theestimated useful life of the asset

  • 4

    Which of the following costs may not be eligible for capitalization as borrowingcosts under PAS 23

    imputed cost of equity

  • 5

    Capitalization of borrowing cost

    Shall be suspended only during extended periods of delays in which activedevelopment is delayed

  • 6

    When should borrowing costs related to a qualifying asset be capitalized according to PAS 23?

    When they are directly attributable to the acquisition, construction, or production of the asset

  • 7

    What is a Qualifying Asset as defined in PAS 23?

    An asset that takes a substantial period to get ready for intended use or sale

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    問題一覧

  • 1

    On January 1, 20x1, Entity A obtained a 10%, ₱5,000,000 loan, specifically tofinance the construction of a building. The proceeds of the loan were temporarilyinvested and earned interest income of ₱180,000. The construction was completedon December 31, 20x1 for total construction costs of ₱7,000,000. How much is thecost of the building on initial recognition?

    7,320,000

  • 2

    Which of the following may not be considered a “qualifying asset” under PAS 23?

    An expensive private jet that can be purchased from a local vendor

  • 3

    An asset is being constructed for an enterprise's own use. The asset has beenfinanced with a specific new borrowing. The interest cost incurred during theconstruction period as a result of expenditures for the asset is

    a part of the historical cost of acquiring the asset to be written off over theestimated useful life of the asset

  • 4

    Which of the following costs may not be eligible for capitalization as borrowingcosts under PAS 23

    imputed cost of equity

  • 5

    Capitalization of borrowing cost

    Shall be suspended only during extended periods of delays in which activedevelopment is delayed

  • 6

    When should borrowing costs related to a qualifying asset be capitalized according to PAS 23?

    When they are directly attributable to the acquisition, construction, or production of the asset

  • 7

    What is a Qualifying Asset as defined in PAS 23?

    An asset that takes a substantial period to get ready for intended use or sale