Borrowing costs treatment: capitalise into asset cost or expense in profit and loss, limited to amounts allowable under tax law. Borrowing costs must either be capitalised into the actual cost of the related asset or recognised as an expense in the profit and loss account; ... Summary
Borrowing costs treatment: capitalise into asset cost or expense in profit and loss, limited to amounts allowable under tax law.
Borrowing costs must either be capitalised into the actual cost of the related asset or recognised as an expense in the profit and loss account; capitalisation applies only to the portion of borrowing costs that would otherwise be allowable as a deduction under the Act.
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